Selling Your Company to Employees
An ESOP enables employees to acquire beneficial ownership in their company without having to invest their own money.
Granting employees this partial ownership in your business can be a highly motivating benefit, building unity and team spirit.
ESOP employer contributions tend to be larger than profit sharing contributions so accounts grow faster while accumulating tax-free. Employees realize even more benefit when the plan is enhanced by a 401(k) feature.