An employee stock ownership plan (ESOP) provides significant tax advantages for selling owners, closely held businesses and employees. It can be an effective structure for succession planning, creating liquidity and incentivizing your workforce.
If you’re considering implementing an ESOP at your company, you need someone to walk with you through every step of the process. Whether you’re a company or a seller, we work with you to analyze your unique situation and devise the best ownership transition solution for your circumstances. We also work with lenders and trustees to ensure that the ESOP transaction is structured to meet your needs and objectives in the deal. Husch Blackwell has represented all parties involved in establishing and maintaining ESOPs – from every possible perspective – for nearly 30 years.
We’ve worked with companies and trustees through the entire lifecycle of ESOPs: creation, loan repayment, allocations and repurchase liability after loan repayment, and sale of the business. We have received “thank you” notes from employees who have retired with bigger nest eggs than they ever dreamed would be possible.
Because the financial implications of any ownership transition are complex and myriad, our ESOP team includes:
We have a deep understanding of ESOPs – from the tax, employee-benefit and corporate-finance sides – and aren’t just drafting documents. You’ll work with lawyers who can quarterback your entire transaction, from beginning to end.