Pending Tax Increases and Succession Planning: A Coordinated Approach
By Kelly Finnell, J.D., CLU, AIF · Strategy, Fall 2009
Business owners facing rising income and capital gains taxes and the need for a succession plan can tackle both at once. This article explains how an Employee Stock Ownership Plan (ESOP) lets owners sell on a tax-advantaged basis, rewards key employees, and can make the company largely free of federal income tax.
