71: ESOP Management Buyout as a Succession Plan | Darren Gleeman, MBO Ventures

Explore how ESOP management buyouts can be a great succession plan as a way to transfer your family-owned business to your children and employees. Laurie Barkman and Darren Gleeman, an ESOP expert and Partner at MBO Ventures, discuss why you might consider an ESOP over selling to a private equity firm. In addition to substantial tax incentives, your children can get warrants to buy back a large chunk of the company in the future. Listen in to learn more about the immense possibilities ESOPs can create for your business. How ESOPs can create a win-win scenario for business owners, stakeholders and employees How an ESOP can reduce tax obligations Why setting up an ESOP structure can make it easier to transfer your business  The importance of incentives such as ESOPs as a way to incentivize your team and retain your workforce  How Woman-Owned, Veteran-Owned, and Minority Business Enterprises can sell to an ESOP and maintain their certification   Connect with Darren Gleeman: 646-734-2035,  [email protected] www.mboventures.com   Connect with Laurie Barkman: Laurie Barkman on LinkedIn Podcast website: www.successionstories.com   About: The Succession Stories podcast is hosted by Laurie Barkman, Founder of SmallDotBig. We'll help you maximize business value, plan your exit transition, and get rewarded for all of your hard work by finding the right buyer or seller. Visit https://smalldotbig.com for more value building resources and subscribe to our newsletter!