Many business owners have thought about or have entered into “partnerships” with other people such as a key employee or they want to or have created an Employee Stock Ownership Plan (ESOP). Much thought and care needs to be taken so that the ultimate desired results are achieved.
We have often helped a minority stockholder or employee buyout the majority shareholder so that they could wind down and eventually retire. We can show you creative ways to undertake this so that you, the business owner, can get most of the value out of the company without having to be the “bank” to the employee for an extended period of time.
We have also been involved with existing partnerships where conditions change and even when there are valid buy-sell agreements in place, difficult negotiations need to be completed.
Whether you want to create an ESOP to develop employee loyalties and incentives or you believe that a third party sale is the best for you and the other co-owners, we have the resources and partnerships with ESOP specialists to work through this process and achieve your goals.
There are right ways and wrong ways to accomplish these transactions; we make sure that you do it the right way.