Selling to an ESOP Creates an Internal Market and Built-In Buyer

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Are you beginning to consider your business transition alternatives?  Whether you are looking for an exit strategy in the near future or are satisfying your succession planning responsibilities, all business owners will eventually need to find a buyer for your business.  The lack of a qualified buyer creates a problem for many business owners, especially in our current economic environment.  This can especially be a problem for small business and businesses located in rural areas.  An ESOP creates an internal market and “built-in buyer” that is able and ready to purchase some or all of the stock of the company from the business owner at fair market value.  While each situation is different, an ESOP transaction could take place as soon as 60-90 days after starting the process.