I’m interested in hearing from those of you who sold your business to an ESOP as your exit strategy. I’ve dipped my toe in the water and paid for an appraisal from a company that specializes in forming ESOPs. The appraisal came in about where I expected. Here’s what I’d like to know:
1. How do you feel in hindsight about forming an ESOP?
2. Do you wish you pursued an outright sale?
3. Did you have any problems getting paid by the ESOP? I worry about the business continuation if I’m not involved.
4. To what degree and for how long did you need to stay engaged with the business?
5. Any idea words of wisdom regarding things you wish you knew before forming the ESOP?
1. How do you feel in hindsight about forming an ESOP?
2. Do you wish you pursued an outright sale?
3. Did you have any problems getting paid by the ESOP? I worry about the business continuation if I’m not involved.
4. To what degree and for how long did you need to stay engaged with the business?
5. Any idea words of wisdom regarding things you wish you knew before forming the ESOP?
Statistics: Posted by Dippy — Sun Oct 27, 2024 5:52 pm — Replies 0 — Views 167