ESOPs Make Sense For Agencies

Employee Stock Ownership Plans have quickly become the fastestgrowing vehicle for a closely held business to create tax-efficientworking capital, develop a cohesive work environment or create aviable perpetuation strategy.

Such a concept is quickly reaching insurance agency owners whoface a myriad of challenges. These challenges include trying todevelop a funded growth strategy; making additional investments intheir own businesses; developing a perpetuation plan; andoptimizing employee productivity and morale. And accomplishing allof this in the most tax-advantaged manner.

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