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Ast Transfer of Ownership 2014-2025

Ast Transfer of Ownership 2014-2025 Form

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hi I'm Carrie stamp with Kerry stamp and Company principled Wealth Advisors in the quest of Florida and if you're a business owner you advise business owners you're a CFO or you're an accountant talking to business owners one concept that you might want to consider when your business owner is planning to exit their company is to use what's called an ESOP an ESOP stands for Employee Stock ownership plan it means that the business owner of the company transfers some or all of their stock to a pool for the employees by using what's called a qualified plan I'll get more into that in just a moment but what is the ESOP actually do well every company has stock and in almost most small businesses the owner owns all or most of the stock the owner at some point probably wants to exit the business either because they want to retire or they just want to cash out so they've got a few choices they can sell the business to a third party

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