Employee Stock Ownership Plan
Why an ESOP?
Employees think like owners, when you incentivize them.
Most TPA firms do not offer ESOP administration as these plans are very complex and time consuming. MGKS has been servicing employee stock ownership plans for decades and we take pride in our ability to do so. If you are looking for a way to transition ownership and motivate your employees, an ESOP may be the right fit for your business.
Benefits
Ownership
Current employees are given ownership, which ensures the continuity of your business, while selling to a third party includes risk that the new owner could restructure or downsize those employees after the sale is complete.
Attract Employees
ESOPs give growing companies a way to compensate employees with equity rather than cash.
Tax Incentives
ESOPs provide tax incentives for the selling stockholder as well as the corporation.
Flexibility
ESOPs allow business owners to sell their business as quickly or as slowly as they desire which can help minimize tax liabilities.
Sample Employee Stock Ownership Plan
