Tag: business continuity

10 Steps Involved in Structuring an Employee Stock Ownership Plan

DMUSA News

Reading Time: 5 minutesA Practical Guide for Business Owners Considering an ESOP An Employee Stock Ownership Plan (ESOP) is not a single transaction, but rather a multi-step process that blends exit planning, corporate finance, tax strategy, and employee engagement and ownership. When structured correctly, an ESOP can provide liquidity to owners and preserve company culture, while offering both significant tax advantages and a long-term succession solution for the seller. When structured poorly, on the other hand, it can strain cash flow and create governance challenges. This article describes the ten – (10) steps…

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A Strategic Approach to Succession Planning – How To Create a Family Business Succession Plan

DMUSA News

Reading Time: 5 minutesFamily businesses are a cornerstone of the US economy – contributing significantly to generational wealth, job creation, and local markets. One challenge all family businesses face is succession to the next generation. Without a thoughtful and well-executed succession plan, even the most successful family enterprises can struggle to transfer the business to the next generation. Creating a sound succession plan not only ensures that the family business continues to thrive, but that it also preserves profitability, family harmony, and legacy.  According to an Ernst & Young Global Family Business Study,…

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