How to create a construction company legacy

Every construction company and its owners eventually face succession issues. Owners who choose to ignore succession planning until an unexpected event forces the issue may face fewer choices, little time to react and a decrease in company value.

However, proper planning can create peace of mind and increase the chances of a smooth transition that can help retain wealth and financial security.

An employee stock ownership plan (ESOP) is one of many succession strategies available. While an ESOP…

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