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Understanding ESOPs with Joseph Sophia, Troy Starr, and Greg Daugherty
Manage episode 431838597 series 3563191
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In this episode of "Elevate Your Business," Adam discusses Employee Stock Ownership Programs (ESOPs) with experts Joseph Sophia, Troy Starr, and Greg Daugherty. They explain how ESOPs work, differentiating them from other business exit plans and employee benefits. Learn about the benefits ESOPs offer to both employers and employees, making them an attractive option for business succession planning and employee ownership.
The conversation also delves into the tax advantages of ESOPs for corporations, providing insights into when implementing an ESOP strategy makes the most sense. The guests share their expertise on the common challenges faced during the implementation and maintenance of ESOPs, offering practical advice for business owners. Tune in to discover the advantages of ESOPs and how they can positively impact your business.
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