Question

When I learn how to search the US tax code, I will look for the tax break to owners who sell their businesses to their employees. I understand it’s often done with ESOPs, employee stock ownership plans.
There are multiple thousands of employee-owned businesses, and a large southeastern US grocery chain I visited when I lived in Florida did it.

#employees #florida

yvilletom 8

Answer 1

Just retired from ESOP company. Worked in both and ESOP is definitely better. People feel a sense of ownership and act accordingly. (At least a higher %)

Answer 2

Better run businesses .


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