A large number of privately-held U.S. companies are owned by members of the baby boomer generation, and with these owners approaching retirement age, many are considering an employee stock ownership plan (ESOP) as a way to easily liquidate their ownership for “fair market value,” while also possibly capitalizing on certain tax benefits (such as the ability to defer the taxable gain on the sale).
An employee stock ownership plan, or ESOP, is a qualified retirement plan, similar to a 401(k),…
