Why Create An Employee Stock Ownership Plan (ESOP)?
Planning the future of your company can be a difficult, emotional process. As business leaders thoughtfully plan ownership transition, some turn to employee stock ownership plans (ESOPs) to help accomplish many of their top priorities. This episode of the First Business Bank Podcast covers reasons business leaders transition ownership through ESOPs, positives and drawbacks of ESOPs, key time and resource requirements for ESOPs, and the importance of employee education. Member FDIC