E.S.O.P.s (employee stock ownership plans)

A strategy under which the employees of a company or corporation acquire its capital stock. It is an excellent tax advantaged way for the principals of a closely held corporation to create a buyer to sell their business to.

Thornewood's role in assisting the client in implementing this strategy is to be part of a team of other professionals necessary to fully implement this strategy.

For Example:

• What if you build a business and your kids do not want to take over when you want to retire?
• What if you could sell your business, the employees are the best suited buyers but they don't have the purchase price?
• What if you want to sell your business but you can't get or for tax reasons do not want to get the full sales price in cash and the possibility exists that the purchaser may run the business into the ground, which means they won't be able to make their payments to you?
• What if you want to sell your business but are not ready to retire just yet?
• What if you could sell your business, collect the proceeds tax free and continue to run it and have control for as long as you want?

An E.S.O.P. just might be the answer.

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