Employee Stock Ownership Plans
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Are you looking to sell your dealership?
Do you want to maximize your return on your investment and at the same time create a huge benefit for your employees?
If so, you should consider an Employee Stock Ownership Plan (ESOP).
Maximize your return on your investment while creating an employee-owned legacy
Dealership owners can use an ESOP as a transition plan that creates an ownership culture at the dealership. Structured properly, they can create a government-sanctioned retirement plan for your dealership’s employees while providing significant retirement assets to the selling owners.
Brady Ware provides:
- Financial Modeling
- Feasibility Studies
- Tax Structuring
- Capital Sourcing
In addition to deferring income tax on the sale of your dealership, other benefits that make an ESOP valuable for both the owner and employees include:
- Because most ESOPs are structured as S-Corporations, which are not subject to federal or state taxes, owners will receive significant tax benefits. With these tax savings, the company can pay the seller quickly.
- Current employees will have a significant stake invested in a dealership’s ongoing success when they become owners through a qualified retirement plan to purchase into the dealership.
- An ESOP can be structured so that you can start the transition process while maintaining a controlling interest in the dealership.
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Key Contacts
Samuel J. Agresti, CPA
Shareholder
sagresti@bradyware.com
Thomas G. Wolf, CPA
Shareholder
twolf@bradyware.com
Randy Domigan, CPA
Shareholder
rdomigan@bradyware.com
Brian C. Denlinger, CPA
Senior Manager
bdenlinger@bradyware.com