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507: Unlocking Business Succession: The Power of ESOPs with Keith Butcher
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In an interview with Jason Hartman, Keith Butcher, founder of Butcher Joseph, discusses business succession and Employee Stock Ownership Plans (ESOPs). With many business owners approaching retirement, ESOPs offer a tax-efficient way to transition ownership to employees. This model enhances employee retention and loyalty, providing long-term retirement benefits. Despite its advantages, ESOPs are underutilized due to limited awareness and expertise among advisors. Butcher emphasizes the need for a comprehensive approach to succession planning, considering the current market dynamics and the significant tax benefits ESOPs offer compared to traditional sales. For more, visit https://butcherjoseph.com/
#BusinessSuccession #ESOP #EmployeeOwnership #TaxBenefits #RetirementPlanning #BusinessLegacy #EmployeeRetention #KeithButcher #ButcherJoseph #SuccessionPlanning #SmallBusiness #BusinessValuation #EconomicTrends
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