Your hard work has paid off, and you’re ready to retire or start a new chapter in your career. At the same time, you have employees in place who are just as passionate about your business as you are. Transferring ownership to your employees through an Employee Stock Ownership Plan (ESOP) might be the right decision.

We can walk you through the technical and practical issues involved in implementing ESOPs, including:

• Plan drafting
• Appraisals and transfers of stock
• 1042 selections
• Employee communications

Trustees: Are you working with a business in transition and serving as a trustee of the plan? We often provide counsel to trustees in an ESOP transaction and can assist you through negotiations.