April 2014 Web Extra: Assembling your ESOP team


Due to the complexities of setting up an employee stock ownership plan (ESOP), featured in “Ownership pride,” proprietors must enlist the help of several experts to ensure the company has a smooth transition to an ESOP. Kelly Finnell, president of Executive Financial Services, calls these individuals your ESOP team and says it typically consists of:

  • The company’s owner(s) or successor management team;
  • The company’s attorney and CPA;
  • The ESOP consultant;
  • The ESOP attorney;
  • The bank to finance the purchase (in the case of a leveraged ESOP);
  • The ESOP trustee; and
  • The owner’s financial adviser.
LM Staff

LM Staff

Landscape Management's staff brings together collective experience in journalism, research, writing, and editing. Our team stays tapped into the pulse of the industry, covering a wide range topics with a commitment to delivering compelling stories and high-quality content.

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