Ownership succession is one of the most important, long-lasting decisions in the cycle of a business. Company owners want to know their hard work will be sustained, and they provide liquidity and wealth diversification while ensuring their employees benefit from their good work.
Womble Bond Dickinson regularly assists business owners establish employee equity plans, including Employee Stock Ownership Plans (ESOPs).
With our experience, we can quickly analyze the feasibility of an ESOP transaction for the business owner and Company, design the structure of the transaction to maximize tax benefits for the parties, and prepare all necessary documents for an efficient closing.
We can also bring additional value to our clients by recommending valuation experts familiar with ESOP transactions to provide an appraisal of the business, and lenders to finance the transaction. Finally, once the ESOP is in place, we will advise the Company on maintaining the ESOP in compliance with government rules and regulations.