Should you sell your company? It’s a question many business owners will eventually face. But just as vexing might be the added notion of: whom should you sell your business to? One alternative that continues to gain in popularity is to sell your business to an ESOP, or employee stock ownership plan. It’s estimated that there are now some 11,500 ESOPs operating today, which account for some 13.7 million participants – or 10% of the entire U.S. workforce.
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