Without a succession plan, families face disputes, hefty tax bills, or even the forced sale of the business. Gifting fractional shares of the business over time lets you transition ownership strategically while taking advantage of tax benefits.
Read MoreAs a business owner, you have a variety of ways to transition ownership of your business when you're ready to retire or move on to a new adventure. Most business owners think of transitioning ownership to a family member or selling the company to a third party, but an often overlooked option is to sell the business to an employee stock ownership plan (ESOP).
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