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April 2014 » Using an ESOP as an Ownership Transition...
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Mark A. Flinchum, CPA, and Steven Etkind, JD
Employee stock ownership plans (ESOP) were traditionally viewed as acquisition vehicles used in transactions involving manufacturing or other capital-intensive businesses; however, more often, ESOPs are being considered and successfully used for the transition of ownership in professional services firms. Due to the aging of the baby boomer generation, professional service firms are seeing partner retirements in clusters. The ESOP structure can provide the manageable, cashefficient method of transitioning ownership that they seek.
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