Succession Planning for Builders & Contractors
Listen as Will Stewart of PCE and Dean Mead ESOP attorney, Jay Van Heyde, discuss the key benefits of creating an ESOP for founders and owners in the construction industry.
Congress has chosen to bestow a variety of significant tax benefits on business owners and companies that participate in a special ownership structure. Because it is very difficult for a fully taxable ownership structure to compete with a tax-advantaged structure, many business owners should evaluate the possibilities under this special structure, known commonly as an Employee Stock Ownership Plan (ESOP). The ESOP structure provides shareholder and corporate tax benefits which require proper consideration and transaction structuring to ensure maximum benefit.