Contractors across the country successfully use ESOPs to facilitate business succession and to create liquidity in their privately held companies. ESOPs offer a tax-advantaged way to sell one's business, and to reward long-standing employees.

 

However, by the very nature of their business, there are constraints. Contractors who require bonding need to coordinate their deal with their surety as well as a bank.

 

To help you understand the benefits and limitations of using an ESOP to plan for succession in the construction industry, click on the links below to read recent articles that we've published on this topic.

 

If you are a contractor and would like to speak with an ESOP professional, please contact Robert Massengill at (973) 540 - 9200.

 

"A Closer Look at ESOPs: Looking for the Buyer Within," published in the December 2004/January 2005 of Business Development Magazine (A publication of the Contractor Marketing, Inc.).