Summary of Structuring an ESOP

00:00:00 - 00:00:00

An ESOP, or employee-owned company, can offer many benefits to a business, including employee motivation and a stronger market position. However, setting up an ESOP can be complex, so it's important to consult with an advisor who is familiar with the process. Once you have a plan in place, you can begin to implement it, taking into account your company's specific needs and goals.

• 00:00:00 In this video, Tim discusses the process of setting up an employee-owned company, called an ESOP. ESOPs offer many benefits, such as employee motivation and a more strategic position in the market. A company should consult with an advisor who is comfortable with the concept, and then develop a plan that takes into account the company's specific needs and situation.