For privately held companies, an ESOP can be an important tool for succession and exit planning when owners of a business want to sell all or part of their interest. We evaluate our clients' goals and objectives and assist them in developing a strategy to achieve their goals in a cost-effective manner. To this end, we regularly consult with our clients regarding ownership transfers and liquidity issues, including the use of ESOPs.
We can help you determine whether an ESOP is right for you and your company. For clients who desire to form an ESOP, we assist our clients through every step of the stock transaction. We regularly advise on matters relating to transaction structure and prepare plan and transaction documents.
Our attorneys are equipped to assist employers with issues unique to ESOPs such as special fiduciary considerations, valuations, investment diversification and distributions. We have the expertise to assist you at every step of the ESOP process. For publicly traded companies, an ESOP can provide a cost effective benefit and foster a culture of ownership and pride among employees. We are well versed in the unique regulatory disclosures that apply to ESOPs, including fiduciary and diversification requirements which apply when a qualified plan holds publicly traded employer securities.