507: Unlocking Business Succession: The Power of ESOPs with Keith Butcher
Description
In an interview with Jason Hartman, Keith Butcher, founder of Butcher Joseph, discusses business succession and Employee Stock Ownership Plans (ESOPs). With many business owners approaching retirement, ESOPs offer a tax-efficient way to transition ownership to employees. This model enhances employee retention and loyalty, providing long-term retirement benefits. Despite its advantages, ESOPs are underutilized due to limited awareness and expertise among advisors. Butcher emphasizes the need for a comprehensive approach to succession planning, considering the current market dynamics and the significant tax benefits ESOPs offer compared to traditional sales. For more, visit https://butcherjoseph.com/
#BusinessSuccession #ESOP #EmployeeOwnership #TaxBenefits #RetirementPlanning #BusinessLegacy #EmployeeRetention #KeithButcher #ButcherJoseph #SuccessionPlanning #SmallBusiness #BusinessValuation #EconomicTrends
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