ESOPs Make Sense For Agencies
Employee Stock Ownership Plans have quickly become the fastest growing vehicle for a closely held business to create tax-efficient working capital, develop a cohesive work environment or create a viable perpetuation strategy.
Such a concept is quickly reaching insurance agency owners who face a myriad of challenges. These challenges include trying to develop a funded growth strategy; making additional investments in their own businesses; developing a perpetuation plan; and optimizing employee productivity and morale. And accomplishing all of this in the most tax-advantaged manner.
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