Financially Simple

In episode 40 of Financially Simple, Justin talks to Ben Wells about ESOPs. Ben Wells is an attorney at Law and a certified CEPA. Justin talks to Ben about Employee Stock Ownership Plans or ESOPs - what they are, how they work, and who they're right for. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! BLOG/TRANSCRIPTION:  BLOG: Pros and Cons of Selling Your Business to Employees Using an ESOP TIME INDEX: 00:30 - Ben Wells, Attorney at Law and CEPA 01:05 - ESOP Specialization 01:48 - What Is an ESOP? 04:01 - Why Is the Prevalence of ESOPs So Low? 05:11 - Who Is a Candidate for an ESOP? 07:05 - The Minimum Requirements of a Candidate 08:39 - Are There Criteria for Employees? 10:32 - Company Value vs. ESOP Payout 14:55 - Why Wouldn't Someone Use an ESOP? 16:33 - Do Owners That Continue to Work Lose Out? 17:59 - How Much Does it Cost? 19:30 - Can an ESOP Specialist Work Remotely?   USEFUL LINKS: Financially Simple Financially Simple on Facebook Financially S