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An employee stock ownership plan (ESOP) is a tax-advantaged way to sell a business to the employees of a company. An ESOP allows the employees of a company to be the beneficial (not legal) owners of a company’s equity.
An ESOP is a qualified retirement plan sponsored by a company, but unlike a 401K, an ESOP must invest primarily in the stock of the company sponsor and an ESOP may borrow money to finance the purchase of company stock.
Weaver brings a reliable, institutional-level approach to ESOP assurance services, fairness opinions, annual valuations and valuation reviews.
But really, how did the Texas Center for Employee Ownership become established?
In honor of Employee Ownership Month (EOM), host Bret Keisling invited Weaver’s Jennifer Krieger on The ESOP Podcast, Mini-cast 104: EOM with Jennifer Krieger, to celebrate employee owners.