Episode 13 Key Takeaways

[2:00] A little bit about Blake.

[3:00] What is an ESOP?

[4:10] When does it make sense to offer an ESOP to employees?

[6:20] It’s important to conduct a feasibility study before offering an ESOP.

[9:45] Are certain industries better suited to incorporate an ESOP?

[12:00] Blake explains why ESOPs are great from an employee retention perspective.

[14:00] What are some of the upcoming challenges with ESOPs?

[17:00] What do companies need to be aware of when they set up an ESOP?

Resources

BDO.com

Blake on LinkedIn

NCEO.org

Esopassociation.org

Eoxnetwork.org

Is an Employee Stock Ownership Plan Right for Your Business?

Quotes

“Construction is a great one for an ESOP. The reason for that is earnings are cyclical in some cases so they’re not super predictable.”

“As Baby Boomers are getting ready for retirement, ESOPs are an excellent way to continue with the company.”

“The reality is there’s just a lot of capital right now and people are excited to invest in ESOP transactions.”