Is an employee stock ownership plan right for your business?

Employee stock ownership plans are appealing for some company founders, but setting up these plans can be costly and complicated, writes Josh Patrick, principal at Stage 2 Planning Partners. And they might not be a good fit for the smallest businesses, he cautions. For an ESOP to be successful, it’s important to implement managerial training programs and to be willing to share information with employees, he writes.

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