There are two basic methods to sell to your employees, the first and most common is the ESOP. An ESOP is flexible–the sale can range from one percent of the company to one hundred percent, it also provides tax-advantages to the selling owner. It can also be combined with other succession strategies like family ownership or a management buyout. Currently less common is the Worker Owned Cooperative which can be more useful for smaller businesses.
View: The Successful Sale to an ESOP: Transitioning Leadership and Governance Webinar
Presented by Martin Staubus, The Beyster Institute
Part of the OEOCs ongoing webinar series topics related to employee ownership and succession planning
View – Selling Your Business To Your Employees via an ESOP, Presented by Phil DeDominicis, The Menke Group
Video – Taken from the DVD “Exiting Your Business: Small Business Succession Planning”