Podcasts about esop

In this episode of the On Track Podcast, President & CEO Eric Ritchie is joined by Tasha Gardner, CFO, in the Flywheel Studio to wrap up National Employee Ownership Month by zeroing in on the everyday ownership mindset that extends far beyond October. Eric and Tasha talk about what it really means to “own it,” showing up with accountability, looking out for your team, and making safe, deliberate choices (you never need permission to do the right thing).If you liked this week's episode and are interested in becoming an Employee-Owner at Sargent, please visit our careers page on the Sargent website. https://sargent.us/apply/If you have an episode suggestion, please send your idea to:sbennage@sargent.us

In this episode of Tax Tuesday, Anderson advisors Barley Bowler, CPA, and Eliot Thomas, Esq., address listener questions on tax topics ranging from basic bookkeeping to advanced ESOP strategies. They cover essential bookkeeping practices for first-time rental property owners and the tax implications of transferring a fully depreciated truck from an S corporation to personal use. Barley and Eliot explain how to catch up on missed depreciation from prior years, the tax benefits of inheriting property versus receiving it as a gift, and how independent contractors should handle federal income and employment taxes. Other topics include choosing the best filing structure for single-member LLCs, tax reduction strategies for Schedule C solopreneurs earning over $100K, deferring traditional IRA distributions using Qualified Longevity Annuity Contracts (QLACs), and the little-known 1042 fund strategy for deferring taxes on ESOP distributions. Tune in for practical tax advice and strategies to keep more of what you earn! Submit your tax question to taxtuesday@andersonadvisors.com Highlights/Topics: "What's the most efficient way to get my books ready for filing taxes? I'm filing taxes for my first time rental business. I just acquired them this year. I'm a first time landlord without bookkeeping experience." A: Use bookkeeping software and categorize expenses properly throughout the year. "My S corporation owns a fully depreciated truck. Can I transfer the truck to my personal name and start taking mileage reimbursement instead? What are the tax implications?" A: Yes, but you'll recognize income equal to fair market value. "For the eight years now, my prior taxpayer never took depreciation for any of my rental properties or my property assets for the building, along with the components like the water heater. What do I do now?" A: File Form 3115 for a change in accounting method. "I'm considering moving into my parents' home while they're still living there. I'm curious about the best way to either transfer the house into my name or should I stay there and wait until they pass because they intend to leave the house to me anyway." A: Wait for inheritance to receive stepped-up basis and avoid gift taxes. "How do I pay federal income and employment taxes working as an independent contractor receiving a 1099?" A: Pay quarterly estimated taxes using Form 1040-ES throughout the year. "What tax filing structure do you recommend for a single-owner LLC wanting to not be a disregarded entity? Why? Pros and cons of the options." A: Consider S corporation for self-employment tax savings if income supports it. "I'm a Schedule C solopreneur looking for ways to avoid being overtaxed. I made over $100K this year and I'm the only breadwinner in my family of four with two kids under 18. We're in Florida. What do you recommend for ways to lower my taxable income?" A: Establish S corp, maximize retirement contributions, and utilize business deductions. "Is there any way to defer for tax reporting a distribution from my traditional IRA? I recently heard someone talking about this and was not sure if they were referring to a Qualified Longevity Annuity Contract (QLAC)." A: Yes, QLACs allow deferring up to $200K until age 85. "How does a 1042 fund work? I've never heard of that." A: It defers ESOP distribution taxes by reinvesting in qualified replacement stock. Resources: Live Event in Dallas Dec 4-6 2025 Schedule Your Free Consultation Tax and Asset Protection Events Anderson Advisors Toby Mathis YouTube Toby Mathis TikTok Clint Coons YouTube

Tuesday - What hit movies have you not seen? Could you be an ethical carnivore? Rauce Thoughts on public bathroom etiquette. We review a video about Ed Gein for WYDTN. It's Only Money with Scott Brown with Edgewater Family Wealth on ESOP, crypto in 401k's and structuring a happy retirement. Plus, JCS News, the Froggers Football Follow-up, JCS Trivia & You Heard it Here First. See omnystudio.com/listener for privacy information.

Tuesday - What hit movies have you not seen? Could you be an ethical carnivore? Rauce Thoughts on public bathroom etiquette. We review a video about Ed Gein for WYDTN. It's Only Money with Scott Brown with Edgewater Family Wealth on ESOP, crypto in 401k's and structuring a happy retirement. Plus, JCS News, the Froggers Football Follow-up, JCS Trivia & You Heard it Here First.

Scott Brown with Edgewater Family Wealth covers a number of topics including a recap of their most recent seminar and answers questions, like what is an ESOP? Scott also talks about crypto in 401ks and how to structure a “happy” retirement. He then wraps it up by discussing how much money someone thinks they need to work with Scott's team.See omnystudio.com/listener for privacy information.

In this episode we explore what life is really like for leadership after a company becomes employee owned. Guest Kimberly McCourtney, former HR Executive of an ESOP company and currently the Peer Networking Manager at NCEO, shares her firsthand experience navigating the cultural and organizational shifts that follow the transition. Together, we discuss how leadership roles evolve when everyone has a stake, what an “ownership mindset” looks like in day-to-day operations, and why transparency and trust become the foundation for long-term growth. This thoughtful conversation offers a genuine look at the human side of employee ownership and is a must-listen for leaders in newly or soon-to-be employee-owned companies. 

Don and Tom revisit the Social Security debate after new Wall Street Journal and New York Times articles challenge long-standing advice to delay claiming. They dismantle clickbait claims that “waiting doesn't make sense,” highlighting emotional biases, unrealistic investment assumptions, and spousal benefit considerations. The episode also covers whether Social Security counts as an asset, then shifts to listener questions about 529-to-Roth rollovers for graduate school, switching funds in an IRA, and managing company stock in an ESOP-based 401(k). 0:00 Why they keep returning to Social Security and why 25% of retirees rely on it entirely 1:43 Two-thirds claim before full retirement age; Wall Street Journal's clickbait headline 3:02 The “bird in hand” fallacy and instant-gratification bias 3:48 Don's confession: took Social Security at 69—and dogs ruined the travel plans 4:40 WSJ's faulty 5%-return argument and why most investors won't achieve it 5:43 The math: waiting pays more monthly, but longevity is the unknown 6:32 Trade-offs between retiring early, portfolio drawdowns, and spousal benefits 7:35 NYT's claim that Social Security is America's most valuable “asset” 8:08 Don's rebuttal: it's income, not an asset—you can't liquidate it 9:49 Why people misclassify Social Security and how bonds fit differently 10:08 When and how to get a second (fiduciary) opinion on claiming strategies 11:00 The plague of commission-driven “advisors” and fake fiduciaries 12:29 Old brokerage “no-load fund” lies and how similar games persist today 12:40 Listener Q&A: overfunded 529 plan vs. Roth rollover for grad school 14:27 Midwifery degrees, student-loan math, and the 5% rate cutoff 17:13 Rollover IRA question: switching Fidelity funds to Vanguard ETFs 18:15 Active vs. index funds—why fees and diversification matter 20:05 Active-active management and small-cap risk humor 20:54 ESOP question: how much company stock is too much? (Hint: under 5%) 22:42 Selling discipline and diversification in employee-owned firms 24:39 Don and Tom joke about their own ownership and “sell-out” strategy 25:04 Daily calls, good-natured ribbing, and reminders about Saturday's live show Learn more about your ad choices. Visit megaphone.fm/adchoices

Gość tego odcinka audycji ZSŻ, to żywy dowód na to że "jeśli nie tworzysz własnych celów, prędzej czy później realizujesz cele kogoś innego". To jego życiowe motto, które zaprowadziło go z roli początkującego handlowca do fotela COO giełdowego giganta.Jak to zrobił? Nie przez przypadek. Jak sam mówi, najlepszą metodą na "przypadkowość jest zapełnienie jej planowaniem".W tej rozmowie usłyszysz:

In this episode, host Alex Partin and guests Serena Morones, David Harkins, and Kyle Wolf each bring their unique perspectives on Employee Stock Ownership Plans (ESOPs) and their critical role in succession planning for privately held businesses.  The conversation explores how ESOPs offer a compelling alternative to traditional exit strategies.  The panel brings together perspectives from business valuation experts and those with firsthand experience in ESOP-owned firms, offering practical insights for business owners considering this path. Key Takeaways: ESOPs as a Succession Tool: ESOPs provide a way for business owners to transition ownership to employees, maintaining company culture and values while offering liquidity and a gradual exit strategy. Business Valuation for ESOPs: The success of an ESOP partly depends on accurate, third-party business valuation, which determines fair market value for the transaction and ensures sustainability for both sellers and employee owners. Transparency and Engagement Drive Success: Companies that openly communicate ESOP benefits and valuation processes to employees foster a sense of ownership, improve retention, and create a more engaged workplace culture. Guests:   David Harkins, CPA/ABV/CFF, CFA, Mercer Capital Serena Morones, CPA/ABV, Morones Analytics Kyle Wolf, CPA/ABV, Stern Brothers Business Valuation Advisors Host:  Alex Partin, CPA/ABV, Mueller & Partin, PS Please share your thoughts about the episode - click here to leave us a review   Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com RESOURCES FOR FURTHER EXPLORATION If you're using a podcast app that does not hyperlink to the resources, please visit our podcast platform to access the show notes with direct links.  AICPA Forensic & Valuation Services Conference, Oct 27-29, Aurora, CO, attend virtually for 1,2,or 3 days  Business Valuation School - Dec 1-5, Live online NEW RESOURCE Welcome to a career in forensic and valuation services - early-career guidance, built for you AICPA Employee stock ownership plans (ESOPs) resource center Journal of Accountancy articles : Employee ownership and taxes:  Why firms are choosing ESOPs What to know when you client is considering employee ownership   Exclusive content available with AICPA FVS Section membership: Click here to join this active community of your FVS peers. You will get 16 credits of complimentary CPE and access to rich technical content Valuations performed for employee stock ownership plans (ESOPs) and FAQs  What every valuation analyst should know about employee stock ownership plans (ESOPs)  The FVS Valuation Podcast archives From Analysis to Testimony: Key Skills for a Career in Forensic and Valuation Services The Business Valuation Profession Enhancing Professional Growth through AICPA FVS Section Resources and Participation LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS: Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com    

In this episode, host Alex Partin and guests Serena Morones, David Harkins, and Kyle Wolf each bring their unique perspectives on Employee Stock Ownership Plans (ESOPs) and their critical role in succession planning for privately held businesses.  The conversation explores how ESOPs offer a compelling alternative to traditional exit strategies.  The panel brings together perspectives from business valuation experts and those with firsthand experience in ESOP-owned firms, offering practical insights for business owners considering this path. Key Takeaways: ESOPs as a Succession Tool: ESOPs provide a way for business owners to transition ownership to employees, maintaining company culture and values while offering liquidity and a gradual exit strategy. Business Valuation for ESOPs: The success of an ESOP partly depends on accurate, third-party business valuation, which determines fair market value for the transaction and ensures sustainability for both sellers and employee owners. Transparency and Engagement Drive Success: Companies that openly communicate ESOP benefits and valuation processes to employees foster a sense of ownership, improve retention, and create a more engaged workplace culture. Guests:   David Harkins, CPA/ABV/CFF, CFA, Mercer Capital Serena Morones, CPA/ABV, Morones Analytics Kyle Wolf, CPA/ABV, Stern Brothers Business Valuation Advisors Host:  Alex Partin, CPA/ABV, Mueller & Partin, PS Please share your thoughts about the episode - click here to leave us a review   Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com RESOURCES FOR FURTHER EXPLORATION If you're using a podcast app that does not hyperlink to the resources, please visit our podcast platform to access the show notes with direct links.  AICPA Forensic & Valuation Services Conference, Oct 27-29, Aurora, CO, attend virtually for 1,2,or 3 days  Business Valuation School - Dec 1-5, Live online NEW RESOURCE Welcome to a career in forensic and valuation services - early-career guidance, built for you AICPA Employee stock ownership plans (ESOPs) resource center Journal of Accountancy articles : Employee ownership and taxes:  Why firms are choosing ESOPs What to know when you client is considering employee ownership   Exclusive content available with AICPA FVS Section membership: Click here to join this active community of your FVS peers. You will get 16 credits of complimentary CPE and access to rich technical content Valuations performed for employee stock ownership plans (ESOPs) and FAQs  What every valuation analyst should know about employee stock ownership plans (ESOPs)  The FVS Valuation Podcast archives From Analysis to Testimony: Key Skills for a Career in Forensic and Valuation Services The Business Valuation Profession Enhancing Professional Growth through AICPA FVS Section Resources and Participation LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS: Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com    

When people talk about the place of AI in the workforce, it’s mostly doom and gloom about how AI is going to take your job. I’ve even sounded the alarm myself about podcasts entirely produced and hosted without the contribution of a single human being. My lunch guests today are coming at AI from a whole different angle. As he sits here eating lunch, Daniel Crowley’s AI employee, Chuck, is hard at work, manning Daniel’s business, Hello Gravel. Hello Gravel isn’t a dating app. It’s a gravel delivery business. You know, gravel. Little rocks. Actually, there are all types of gravel. And before you order a truckload, you’re going to need to know exactly what you want. Chuck can help you with that. Chuck – who, just to be clear, is not a human being - can also tell you how much gravel you need and answer any and all questions you might have about gravel. He’ll also take your payment and schedule your delivery. AI Chuck is closing gravel sales every day. Last month he brought in $150,000. Dave Maher is part owner and Chief Digital Officer at a marketing company called Zehnder that’s headquartered here in New Orleans and has offices in Baton Rouge, Nashville, and Rosemary Beach, Florida. Two things about that sentence: One, Dave is part owner of Zehnder along with his 64 colleagues. Zehnder is what’s called an ESOP - a business classification that stands for Employee Stock Ownership Plan, in which all of the employees own the company. And, two, having an office in Rosemary Beach Florida is a little unusual. So here’s the skinny on that: Rosemary Beach is primarily fueled by tourism, and it’s not the kind of place you go for a budget vacation. So, you’ve got a bunch of people with a significant amount of spending power, and there’s only so many hours a day they can spend on the beach. The rest of their vacation they’re looking for something to do that suits their personal interest. They might want to discover a good bookstore, a great yoga class, tennis lessons, or other activities they would enjoy doing on vacation, if they knew where to find them. That’s where Dave’s AI creation, Ask Seemore, comes in. Rosemary Beach is in Walton County, Florida, and Seemore the turtle is the logo of Walton County Tourism. Dave Maher’s AI version of Seemore is on your phone. He’s on vacation with you. He knows where you are, what you like, what you probably want to do next, and where to do it. Ask Seemore is like going on vacation with a local who totally gets you. Out to Lunch was recorded live over lunch at Columns in Uptown New Orleans. You can find photos from this show by Jill Lafleur at itsneworleans.com.See omnystudio.com/listener for privacy information.

In this episode. Makenzie interviews leaders from five diverse ESOP companies as they share their paths to employee ownership. Each organization offers a unique perspective on the transition process, the challenges and opportunities along the way, and the lasting impact ownership has had on their culture and performance. 

Could an AI catch what auditors and a CFO missed? This week, Blake and David unpack how a founder used Claude to scan QuickBooks and uncover a $2.1M embezzlement in 18 minutes. They also tackle Deloitte's AI ‘workslop' refund, shutdown-driven IRS and air travel woes, the IRS's new “CEO” and crypto ties, OpenAI's personal finance play, EY's audit rebound, BDO's ESOP squeeze, and crypto funds courting CPA clients.SponsorsCloud Accountant Staffing - http://accountingpodcast.promo/cas Rippling - http://accountingpodcast.promo/ripplingAssembly - http://accountingpodcast.promo/assemblyChapters(01:35) - Deloitte's AI Report Scandal (09:05) - Government Shutdown Impact on IRS and Air Travel (23:56) - AI in Accounting: Risks and Opportunities (34:49) - Competing with the Status Quo (35:38) - Pricing Bookkeeping Services (36:31) - Standardizing Services Based on Price (37:14) - Client Needs vs. Service Offerings (38:00) - The Monthly Close Obsession (40:01) - Broken Charts in Financial Reports (43:15) - Cracker Barrel Logo Controversy (47:08) - EY's Audit Quality Turnaround (49:53) - Crypto Investment Schemes (55:48) - BDO's Financial Struggles (01:00:34) - Conclusion and Announcements  Show NotesDeloitte to partially refund Australia for report with apparent AI-generated errors https://abcnews.go.com/Technology/wireStory/deloitte-partially-refund-australian-government-report-apparent-ai-126281611Claude Exposed My Co-Founder's $2M Theft — AI Evidence Turned Into Lawsuit https://techbullion.com/claude-exposed-my-co-founders-2m-theft-ai-evidence-turned-into-lawsuit/New Research: 20% of Americans use AI tools 10X+/month, but growth is slowing and traditional search hasn't dippedhttps://sparktoro.com/blog/new-research-20-of-americans-use-ai-tools-10x-month-but-growth-is-slowing-and-traditional-search-hasnt-dipped/The Danger of Bad Charts https://www.cpajournal.com/2025/10/10/the-danger-of-bad-charts-2/Cracker Barrel's logo controversy was driven by bots https://www.nrn.com/casual-dining/cracker-barrel-s-logo-controversy-was-driven-by-bots-what-operators-should-learn-from-thisOur commitment to audit quality — Ernst & Young LLP's 2025 report https://www.ey.com/en_us/assurance/audit-quality-reportEY drops clients to improve audits after leading Big Four in deficiencies https://www.cfobrew.com/stories/2024/08/27/ey-drops-clients-to-improve-audits-after-leading-big-four-in-deficienciesOpenAI Buys Personal Finance App Roi https://www.pymnts.com/acquisitions/2025/openai-buys-personal-finance-app-roi/With its latest acqui-hire, OpenAI is doubling down on personalized consumer AI https://techcrunch.com/2025/10/03/with-its-latest-acqui-hire-openai-is-doubling-down-on-personalized-consumer-ai/BDO USA Expands Professional Services Capabilities Through HORNE https://www.bdo.com/insights/press-releases/bdo-usa-expands-professional-services-capabilities-through-horneAuditor BDO Cuts Jobs With Focus on Managing Apollo Debt https://www.bloomberg.com/news/articles/2025-10-11/auditor-bdo-cuts-jobs-with-focus-on-managing-apollo-debtNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsCollective by DBA - https://collective.cpa/ Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe ...

Send us a textTempe-based Spinato's Pizzeria has embarked on an ownership structure that only 7,000 businesses around country and only one percent of Arizona companies offers, an Employee Ownership Stock Plan (ESOP).Since opening 51 years ago, Spinato's has grown to six Phoenix-area locations with more than 420 employees. The pizza company is the Official Pizza of the Phoenix Suns and Phoenix Mercury (NBA and WNBA basketball teams) and the Official Pizza of the Arizona Cardinals (NFL football team). With the ESOP announcement, 150 Spinato's employees join the six family members as owners.This week on The Hot Slice, we sit down with Anthony Spinato, President & CEO, to learn all about the new ESOP. We dive into what led the family to create the ESOP and the process to make it a reality. Listen to the goosebump moment when Anthony shared the news with longtime team members. Read Spinato's ESOP Announcement.Learn more about Spinato's and on Instagram @ spinatospizza.

In part two of their AI series, Bill and Bryan get specific—sharing real examples of how they use AI in their daily sales work. Bill walks through actual ChatGPT conversations for client prep (including a memorable moment when the AI got it wrong about an ESOP), while Bryan demonstrates how he uses Claude to research prospects and create strategic talking points.You'll hear how they validate AI-generated research during sales calls, why telling clients "I did some research" actually builds credibility, and how AI makes follow-up more thorough and rigorous. Plus: Bill's detailed prompt for creating pre-meeting introduction videos that position you as an expert before you even get on the call.If you're still not using AI for sales prep and follow-up, this episode will show you exactly where to start—with real prompts, real mistakes, and real results.=================================Is it time to make a BOLD move in your business? If so, download our brand new book, "12 Bold Moves - Insider Secrets to Reinventing Yourself and Your Business." http://12boldmoves.comThe Insider program is open for enrollment. To check out our small learning group, go to http://advancedsellingpodcast.com/insiderIf you haven't already, join 14,000+ other sales professionals in our LinkedIn group at advancedsellingpodcast.com/linkedin

Hey all you Vipers! Mr and Mrs Weedman are back with another episode of the Weedman 420 Chronicles Podcast.  As always, the two kick things off getting normal - toking on a Miss Grass, Fast Times x Mad Fruit pre-roll. From there they talk about their mission to #StompTheStigma through advocacy, education, consumption and conversation. They also deliver the latest cannabis news, research and headlines from the week.  Mr Weedman also covers a study finding CBD beneficial for treating dermatitis,  a perspective on cannabis ESOP's, and a report finding an experimental marijuana medication easing back pain.  Mrs Weedman covers an important review on the risks of mixing weed and certain mental health meds, a new report about cannabis and hair loss, and the potential for cannabis to disturb our two party political system.  Thanks for listening, as always hit us up!Support The Show: https://www.buzzsprout.com/283607/supportTWITTER: @weedman420podYouTube: Weedman420 ChroniclesEMAIL:  weedman420chronicles@gmail.comSHOP: www.eightdecades.comIG: @eightdecadesEMAIL: eightdecadesinfo@gmail.com#ImHigh #Cannabis #StomptheStigma #HomeGrow #FreethePlant #Stoners #Burners #rosin #liverosin #Potheads #Vipers #CannabisEducation #CannabisResearch #Weed #Marijuana #LegalizeIt #CannabisNews #CBD #Terpenes  #Podcast #CannabisPodcast #eightdecades #LPP #Lifestyle #HealthyLifestyle #NaturalMedicine #PlantMedicine #News #Research #MedicalMarijuana #Infused #420 #Education #Health #Wellness #WorldNews #Gardening #budtender #kief #hemp #dabs #hash #joints #edibles #gummies #tincture #vapes #esters #pauliesayssmokesmartArticle Links:*  https://www.cannabissciencetech.com/view/effects-of-cbd-thc-and-minor-cannabinoids-studied-for-atopic-dermatitis* https://www.aol.com/avoid-weed-m-prozac-115718572.html?utm_source=flipboard&utm_content=topic/cannabidiol* https://mgmagazine.com/business/human-resources/cannabis-esops-employee-ownership/?utm_source=flipboard&utm_content=Cpizzo721/magazine/Marijuana+Investing* https://www.aol.com/weed-lead-hair-loss-research-155616985.html?utm_source=flipboard&utm_content=AOLcom/magazine/Health* https://hightimes.com/news/politics/cannabis-is-the-third-party-americas-been-waiting-for/?utm_source=flipboard&utm_content=Cpizzo721/magazine/Marijuana+InvestingSuggestions? Questions? Chat with us here.Support the showSuggestions? Questions? Chat with us here.Support the show

In this episode, Jason interviews Corey Rosen of the National Center for Employee Ownership. Corey tells Jason a story to unpack what employee ownership really looks like – the hopes, the doubts, and the decisions that define the first step of the journey. The episode is designed as an educational resource to make the concept of employee ownership approachable – simple, clear, and human. If you've ever wondered as an owner how to move from curiosity to confidence, this is a great place to start. 

Behind every family is a money story. The way we learn about it, talk about it and pass it down shapes both our family wealth identity and our relationships. In this episode of Money Tales, our guest is Josh Gentine, a third-generation member of the family behind Sargento Foods and an advisor to enterprising families. Josh is a family business advisor, helping multi-generational families and their leaders navigate the complexities of family enterprise ownership. Josh is accredited as both a Hogan and Gallup Strengths coach. His background as an investor, advisor, corporate director, and third-generation family business owner gives him a range of perspectives to draw from when advising clients. Josh focuses his time on helping family owners transition ownership and leadership from one generation to the next, coaching family members and senior leaders, building boards of directors, and supporting operating strategies across family organizations. Josh sits on the board of directors at his family's company, Sargento Foods Inc., as well as a $700 million ESOP auto dealership group. Josh runs family executive round table groups for middle-market and large-cap family run companies, and he is currently a part-time instructor with the UNC Kenan-Flagler Business School Family Enterprise Center. Prior to starting Bench, Josh served as a Manager at Deloitte Consulting, where he focused on mergers & acquisitions as well as supporting the design of Deloitte Consulting's global talent operations. Josh earned his undergraduate degree in Finance from the University of Notre Dame and his MBA from the University of North Carolina, Chapel Hill. Josh returned to Notre Dame following his MBA to study philosophy and theology in the seminary with the intent of becoming a Catholic priest. Josh and his wife, Meredith, have two young children, Henry and Juliette, and live in Charlottesville, VA.

In this episode of

“Persistance. There's always something, with anything worth doing requires persistence" on the Daily Grind ☕️, your weekly goal-driven podcast. This episode features Kelly Johnson @kellyfastruns and special guest Robert Reavis, who is a Director, ButcherJoseph & Co. As a Director, Robert advises clients on mergers and acquisitions (M&A), leveraged ESOP buyout transactions, and recapitalizations. With over a decade of experience, Robert has been instrumental in advising a diverse array of privately held businesses.S8 Episode 5: 10/7/2025Featuring Kelly Johnson with Special Guest Robert ReavisFollow Our Podcast:Instagram: @dailygrindpod https://www.instagram.com/dailygrindpod/  X: @dailygrindpod https://x.com/dailygrindpod Facebook: https://www.facebook.com/dailygrindpodTikTok: https://www.tiktok.com/@dailygrindpodPodcast Website: https://direct.me/dailygrindpod  Follow Our Special Guests:Website: https://butcherjoseph.com/ Instagram: @butcherjosephco https://www.instagram.com/butcherjosephco  X: @ButcherJosephCo

In this podcast episode, Jason announces a special release schedule for Employee Ownership Month. For the month of October, the podcast will feature special guests, educational resources, and ESOP insights. Be sure to return each Friday for the next installment!  

A candid business podcast for growth-minded leaders and entrepreneurs. Hosted by Josh Zolin. The truth about leadership, business, and becoming who you're meant to be.   What happens when a CEO stops optimizing for the quarter and starts optimizing for people? Henny Penny's Rob Connelly walks us through why they converted to an ESOP (employee stock ownership plan), how it changed behavior on the floor, and the leadership credo that guided the journey: “Savor the day while always learning for a better tomorrow.” We talk long-view decision making, radical accountability, and why “start with people and the numbers will follow” isn't just a slogan — it's the operating system. — Guest: Rob Connelly, Executive Chairman, Henny Penny Topics: ESOP mechanics, culture shifts, long-term vs short-term, optimism with realism, profit sharing, supplier health, zero-layoff philosophy.

In this episode of ValuationPodcast.com, host Melissa Gragg sits down with Kelly Finnell, one of the nation's top ESOP consultants with over 40 years of experience. Together, they uncover insider strategies behind ESOP valuation, regulations, financing, and exit planning. From misconceptions about fair market value to how ESOP-owned companies merge, this discussion helps business owners, advisors, and valuation professionals understand what really happens inside an ESOP deal.Whether you're considering selling your business, exploring employee ownership, or advising clients on exit strategies, this episode will help demystify ESOPs and show why they're booming among baby boomer founders.

In this episode, Jason tells a campfire story to illustrate the learning process of the ‘ESOP language' and its importance on your Journey to an ESOP and Beyond. He discusses the importance of language in communication, highlighting its role in conveying ideas and facilitating collaboration.

For business owners thinking about their exit, the choice often seems limited to selling to a competitor or to a private equity firm. But there's a third option, ESOPs, that secures their legacy and rewards the very people who helped build the company. Royer Cooper Cohen Braunfeld's Andy Rudolph, Marc Hirschfield and David Dalesandro take a deep dive into Employee Stock Ownership Plans to break down how this unique succession path works — from the powerful tax advantages to the mechanics of financing the deal. They also explore the founder's role after the sale and the keys to building a thriving ownership culture long after a transition.

Blunt Business welcomes Darren Gleeman, author of "The Cannabis ESOP Architect," to discuss how Employee Stock Ownership Plans (ESOPs) offer a revolutionary, IRS-approved, zero-tax exit strategy for cannabis businesses, making the 280E tax irrelevant. Darren explained that ESOPs are the only significant M&A activity in the cannabis sector, fostering employee engagement and retention by turning them into owners with bulk payouts upon leaving, while increased cash flow from tax savings fuels company growth. He also stated that federal rescheduling would enhance ESOP benefits, and discussed the book's role in educating the industry and his interest in advertising strategies for client acquisition.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

ESOPs (Employee Stock Options) are one of the least understood parts of compensation in India. Are they wealth creators or just glorified lottery tickets? We break down everything you need to know, the trade-off between salary and ESOPs, the risks of taxation and dilution, and how exits, IPOs, and secondary markets really work. From early employee bets to Flipkart's game-changing Walmart deal, we explore stories that show both the pitfalls and life-changing rewards. If you've ever been offered ESOPs or are considering them. This podcast will help you make informed decisions about your financial future. Chapters: 00:00 - Intro 02:57 - Salary vs ESOP: the real trade-off 15:02 - ESOPs ≠ Shares? 28:35 - Should companies help you exit? 37:41 - Black-Scholes for expense 40:39 - Why not just give shares? 45:59 - Promoters/Directors rules in India 50:11 - What every employee must check in their ESOP package! 57:20 - After the payout: diversify & spend

What if a fried chicken fryer sparked a global movement in conscious business?In this episode of The Conscious Capitalists, hosts Timothy Henry and Raj Sisodia sit down with Rob Connelly, Executive Chairman of Henny Penny, a 100% employee-owned food service equipment manufacturer serving the world's busiest kitchens, from Chick-fil-A to McDonald's.Rob shares the remarkable story of how a small-town company became a global leader in innovation while staying true to its purpose: positively impacting people. From navigating COVID without a single layoff, to pioneering employee ownership through an ESOP model, to creating an on-site health clinic and wellness programs for employees, Henny Penny proves that putting people first drives resilience, growth, and innovation.This conversation goes beyond business mechanics, it's about culture, stewardship, and the soul of a company. Rob opens up about his leadership journey, the mentors who shaped him, and why he believes companies must focus on people before numbers.Listeners will gain insights into:How Henny Penny doubled its business after COVID without layoffs or pay cutsThe power of employee ownership and why ESOPs align with conscious capitalismWhy innovation starts with long-term relationships, not just technologyPractical ways to build a “best place to work and grow” cultureRob's belief that companies can (and should) have a soulLessons on intentional leadership, well-being, and building businesses that last 100 yearsWhether you're a CEO, entrepreneur, or simply curious about people-first business, this episode offers a living case study in how to thrive by doing good.**If you enjoy this podcast, would you consider leaving a review on Apple Podcasts/iTunes? It takes only a few seconds and greatly helps us get our podcast out to a wider audience.Please subscribe on Apple Podcasts / Spotify / Stitcher, or wherever you get your podcasts.For transcripts and show notes, please go to: https://www.theconsciouscapitalists.comThis show is presented by Conscious Capitalism, Inc. (https://www.consciouscapitalism.org/) and is produced by Rainbow Creative (https://www.rainbowcreative.co/) with Matthew Jones as Executive Producer, Rithu Jagannath as Lead Producer, and Nathan Wheatley as Editor.Thank you for your support!- Timothy & Raj

ESOPs for ArchitectsIn this episode of Build Smart, Mark R. LePage sits down with Matt Middendorp, Director of ESOP Consulting at Vision Point Capital, to demystify the world of Employee Stock Ownership Plans (ESOPs) for architects and design firm owners. They explore how ESOPs work as both a business transition strategy and a tool for building long-term employee wealth. Matt explains the financial and cultural benefits of this model, from creating buy-in at every level of a firm to offering owners an alternative to traditional succession paths. He also outlines common pitfalls to avoid when approaching an ESOP and stresses the importance of aligning company culture with ownership goals.Matt shares his personal journey into the ESOP space, beginning with his time at an ESOP-owned company during college that sparked his passion for employee ownership. With a background spanning banking, entrepreneurship, and consulting, Matt brings a rich perspective on how ESOPs can change the trajectory of a business. He highlights the valuation process, the timeline firms should expect for implementation, and the need for transparency throughout the transition. For architects wondering if an ESOP is the right fit, Matt provides clear insights into what the process looks like and how it affects daily operations.Beyond technical details, the conversation emphasizes the human side of ESOPs—how ownership impacts morale, culture, and the sense of shared purpose in a firm. Matt points out that employee ownership is more than a financial arrangement; it's about creating sustainable businesses that thrive well beyond their founders. With his practical expertise and passion for education, Matt helps leaders envision how ESOPs can serve as both a growth strategy and a legacy plan. Whether you're an architect preparing for succession or simply curious about alternative ownership models, this episode offers the clarity and context you need to start exploring ESOPs.This week at EntreArchitect Podcast, ESOPs for Architects with Matt Middendorp.Find Matt online at Vision Point Capital, email him at matt.middendorp@visionpointcapital.com, and connect with him on LinkedIn.Please Visit Our Platform SponsorsArcatemy is Arcat's Continuing Education Program. Listen to Arcat's Detailed podcast and earn HSW credits. As a trusted provider, Arcat ensures you earn AIA CE credits while advancing your expertise and career in architecture. Learn more at Arcat.com/continuing-education.Visit our Platform Sponsors today and thank them for supporting YOU... The EntreArchitect Community of small firm architects.

In this episode, I'm joined by Wes and Doug from Alpha Architect to dive deep into the world of Employee Stock Ownership Plans (ESOPs). We talk about the options for selling a business, like selling to competitors or private equity, and break down the unique benefits of ESOPs. Some highlights:What is an ESOP and how does it function?Tax benefits for business owners and employeesWho is a good candidate for an ESOP?Real-life examples and success stories-------✅ Financial planning for 30-50 year old entrepreneurs: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.allstreetwealth.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠✅ My personal blog & newsletter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.thomaskopelman.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Disclaimer: None of this should be seen as financial advice. It is just for informational purposes.

In this episode, Makenzie breaks down a leveraged ESOP transaction and the resulting impacts to a company's financial statements. This episode highlights the journal entries required for a simplified, leveraged ESOP transaction in accordance with generally accepted accounting principles including common mistakes to avoid. 

Chuck Monico is the CEO at Ryan Lawn & Tree, where he helps associates and leaders discover and develop their full potential, empowering them to become the best versions of themselves while achieving personal and professional growth. Chuck has over 30 years of experience in leadership combined with community involvement and holds a degree in Accounting from the University of Nebraska at Omaha. Chuck believes that his work positively impacts not only the lives of Ryan Lawn & Tree associates but also the customers and communities that RYAN serves.

In this special episode, we're breaking down the basics of ESOPs—Employee Stock Ownership Plans. Whether you're hearing the term for the first time or just want a clear, beginner-friendly explanation, this episode is for you. Our guest - Matt Middendorp shares what an ESOP is, how it works, who it benefits, and why more companies are considering it as a smart succession or employee engagement strategy. Simple, direct, and informative—consider this your crash course in ESOPs.Matt Middendorp, the Director of ESOP Consulting at Vision Point Capital, is a seasoned entrepreneur, and a passionate advocate for employee ownership. With a strong foundation in banking and consulting, Matt's journey began at an ESOP-owned company during college, where he developed a lifelong appreciation for the transformative culture of ESOPs.An award-winning banker and successful business owner, Matt now dedicates his career to guiding business owners in adopting and thriving with ESOPs. As a sought-after speaker and contributor in the industry, he brings valuable insights into every conversation.Outside of work, Matt enjoys musky fishing, competing in triathlons, and exploring fossil digs.Contact Information Matt Middenorp- matt.middendorp@visionpointcapital.com or 715.897.0879.Benny Carreon- Velocity Technology Group- benny@velocitytechnology.group;https://velocitytechnology.group/Dennis Jackson-WorX Solution- dennisj@worxsolution.com ; www.worxsolution.comwww.wfhwith2guys.com

On this episode, Jason Miller interviews Makenzie Wirth, the newest member of our Journey to an ESOP team. From a career in public accounting to her current role in ESOP advisory, Makenzie discusses her journey in learning about employee ownership over the last several months. The podcast highlights her fresh perspective on ESOPs and employee ownership and includes a sneak peak of what she will bring to the podcast in future episodes. 

A few months ago, John Abrams—author of From Founder to Future—joined us to talk about succession strategies and the different ways business owners can share ownership with employees. For his own business, John chose one of the more radical options: he turned his construction firm into a worker cooperative. Perhaps surprisingly, the more he described the co-op model, the more intrigued Jay Goltz became—although, predictably, Jay did retain a degree of skepticism. So we asked John to come back on the podcast to help Jay dig a little deeper: Are co-ops really all about democracy? Does someone on the loading dock get the same vote as the CEO? How do profits get split in the co-op model? How do losses get absorbed? How are loans secured without burdening frontline workers with personal guarantees? And perhaps most important: What can go wrong? In the end, I think surprising even himself, Jay failed to identify any real dealbreakers.Show Notes:Get a free trial of the Morning Report.Learn more about the Cooperative Fund of the Northeast.This is the podcast episode where Jay Goltz talks about how to do a We-SOP.

How did a mattress company put $117 million into employees' pockets—and grow 800% in four years? The truth will shock you.

In this episode Jason flies a little too close to the sun when discussing the impact of a company's structure on its ability to harness the power of employee engagement. The discussion covered how employee engagement impacts business success, with comparisons to different types of civilizations and their energy usage, including the idea of harnessing this energy effectively. Overall, this is episode provides recommendations for improving employee engagement levels within companies, emphasizing the importance of collective effort and the role of successful businesses in supporting local economies. 

In this episode, Jason Miller interviews Miriam Agrell and Kavita Vora from The Fraction Collective. Throughout the conversation, they highlight different ways that creative agencies and ESOPs intersect. The group discusses the reality of succession planning and how ESOPs are an attractive option for business owners who are looking for an exit strategy.

Government contractors struggle with exit and succession planning for multiple reasons, while the majority of transaction activity in the market these days has some level of private equity involvement on either side.But companies that want to remain independent, the employee stock ownership plan can be an alternative transaction that creates liquidity and incentives for the shareholders.David Blauzvern, a managing director at CSG Partners and a specialist in these transactions, joins for this episode to explore all it takes to go down the ESOP path after a company decides on it.Blauzvern also tells our Ross Wilkers about certain instances where ESOP companies can stand out to the government customer. Of course, they also go over which companies the ESOP model can be right for and those it is not.

In this podcast episode, Jason discusses the best ways to approach succession planning. He focuses on tackling succession with intention and covers common obstacles that stand in the way of owners achieving their vision for a successful ownership transition. 

In this episode of the Finish Big Podcast, host Mark Dorman welcomes back Corey Rosen, founder of the National Center for Employee Ownership (NCEO), for Part 2 of their conversation on alternative ownership structures—specifically, the Employee Ownership Trust (EOT). Following their earlier discussion on Employee Stock Ownership Plans (ESOPs), Mark and Corey explore how EOTs differ, their origins, and why some business owners may choose them over ESOPs. They cover the practical, cultural, and philosophical factors driving this emerging succession strategy in the U.S. Mark and Corey discuss: EOT Origins & Growth: How the model evolved in the UK (inspired by the John Lewis Partnership) and its rapid adoption overseas. Key Differences from ESOPs: Costs, complexity, tax implications, and the flexibility to set custom rules for ownership and profit distribution. Ideal Candidates: Why smaller companies (often under 50 employees) and owners committed to long-term independence may benefit most. Purpose Trusts: How some companies, like Patagonia, use ownership trusts for social and environmental missions. Succession Planning Considerations: When an EOT makes sense versus a management buyout, phantom stock, or other equity models. NCEO's Role: Resources, research, and networking opportunities for companies exploring employee ownership. Connect with Mark Dorman: Succession Plus US LinkedIn: Mark Dorman LinkedIn: Succession Plus Facebook: Succession Plus (330)-416-9271 mdorman@succession.plus About the Guest: Corey Rosen is the founder of the National Center for Employee Ownership (NCEO). A former Capitol Hill staffer and political science professor, Corey helped draft early ESOP legislation in the 1970s and has since authored numerous books and research papers on employee ownership. Today, he leads NCEO's mission to educate and support businesses considering employee ownership as a sustainable, wealth-building alternative to traditional exits.  

Brian Baughman, CPCU, ARM - ESOP Evangelist and VP of Sales at The Hartwell Corporation. We chat about why it makes sense for agencies to adopt an Employee Stock Ownership Plan (ESOP) and what the advantages are. All employees are automatically owners after roughly a year. This aligns incentives in a way virtually impossible in other types of ownership structures. A very interesting conversation! Brian Baughman: https://www.linkedin.com/in/brian-baughman-cpcu-arm/The Hartwell Corporation: https://www.thehartwellcorp.com/Video Version: https://youtu.be/Zwb2At9v-ak

In this episode, the podcast interviews Steve Baker, Vice President of Great Game of Business, Inc. Steve gives insight into the importance of financial literacy in building a company's value through a culture of accountability, the dignity of equity ownership, and the hope of a financially successful future. To join us at the Great Game of Business Conference in September, please follow the link below!  Learn more about the Great Game of Business Conference: https://www.greatgame.com/conference-2025Learn more about Steve Baker: https://www.greatgame.com/about/our-team/steve-baker

This episode uses the classic film, Indiana Jones, as our feature film. The podcast utilizes this retro film as an example of something that never goes out of style-just like business owners helping their employees! The question the podcast discusses is if an ESOP is the best option for your company and people? This is a common question on anyone's journey to an ESOP. The podcast attempts to help listeners asses where they are in company development of employee engagement. 

What if there was a legal way for cannabis companies to eliminate federal income tax and reward employees with ownership at the same time? Darren Gleeman, Managing Partner of MBO Ventures, joins the show to break down the rise of ESOPs (Employee Stock Ownership Plans) in the cannabis industry. In this episode, we explore: Why ESOPs are a "game-changer" for cannabis companies  How they help companies legally avoid the burden of 280E  What MSOs (multi-state operators) and smaller cannabis businesses need to know  How selling your company to your employees can boost valuation, reduce taxes, and create long-term loyalty  The surprising political role cannabis could play in the 2024 election  Whether you're an operator, investor, or just curious about business strategy in cannabis, this is a conversation you won't want to miss.

In this episode of the Power Producers Podcast, David Carothers isjoined by BrianBaughman, VP of Sales at the HartwellCorporation. They delve into the fascinating world of ESOPs(Employee Stock Ownership Plans) within the insurance industry. Brian sharesvaluable insights on how ESOPs work, their benefits, and why this ownershipstructure is a game-changer for businesses looking to create long-term wealthfor their employees. They discuss the significance of fostering ownershipculture, the challenges and advantages of implementing ESOPs, and how itimpacts recruiting and retention in today's competitive job market. Key Highlights: What is an ESOP? Brianexplains the basics of ESOPs and how they offer employees ownership in thecompany, ultimately leading to long-term wealth building. Benefits of an ESOP The conversation breaks down the primary benefits of ESOPs: ownership legacy,tax incentives, and how they can be a major factor in recruitment andretention of top talent in the insurance industry. ESOPs in the Insurance Industry Brianemphasizes how ESOPs are changing the game for insurance agency owners,offering an alternative to selling to third parties and ensuring employees'long-term financial security. Recruitment & Retention with ESOPs David and Briandiscuss how ESOPs help agencies attract and retain top-tier talent,particularly in an era of remote work and poaching from larger agencies. The Challenges of Implementing an ESOP While ESOPs offer many benefits, Brian highlights the time, financialinvestment, and compliance involved in establishing one. He shares hisexperiences with clients who have successfully transitioned to ESOPs. ESOP for Long-Term Stability Brianexplains why ESOPs offer more stability compared to selling to private equityfirms or competitors, allowing agency owners to protect their legacy and theiremployees' futures. Connect with: David CarothersLinkedIn Brian BaughmanLinkedIn Kyle Houck LinkedIn Visit Websites: PowerProducer Base Camp The Hartwell Corporation Killing Commercial Crushing Content Power Producers Podcast Policytee The Dirty 130 The Extra 2 Minutes    

On this episode of the Inner Edison podcast, host Ed Parcaut chats with Eric Brotman, a seasoned financial advisor and entrepreneur, about his unconventional journey into the world of finance and the lessons learned along the way. Eric shares how a failed plan to become a lawyer led him by accident into finance, his entrepreneurial leap after starting over from scratch at age 30, and how adversity—like the 2008 recession—shaped his business and personal growth. Ed and Eric dive deep into the realities of entrepreneurship: the risks, the need for resilience, and the lessons that come from setbacks. Eric shares actionable insights on building financial independence, including practical strategies for tax diversification, the use of whole life insurance, and the importance of financial literacy for business owners and families alike. They also discuss Eric's philosophy behind his book, “Don't Retire… Graduate,” which challenges the conventional notion of retirement and encourages listeners to plan for a financially free and fulfilling next chapter. Along the way, the conversation covers mistakes, management missteps, innovations during the pandemic, and the value of aligning company culture for long-term success. Whether you're an aspiring entrepreneur or a seasoned business owner, this episode is packed with candid stories, practical advice, and a refreshing perspective on success, failure, and building a life (and business) you love. Listen now to get inspired, learn, and grow from real-life “Edison moments” with Ed Parcaut and guest Eric Brotman! **Contact Ed Parcaut:** -

My mission at Wealth Formula Podcast is to provide you with real financial education. You may have heard of something called the Dunning-Kruger curve. In short, when you start learning something new, you know that you don't know anything. That's the safe zone. The dangerous part is what I call the red zone—when you've learned just enough to think you know a lot, but really… you don't. Then, eventually, if you keep learning, you get to the point where you finally realize how little you actually know—and how much more there is to understand. That's kind of where I am now. And so, the only thing I can do—and the only thing I encourage you to do—is to keep learning more than we knew yesterday. Take this week's episode. We're talking about Employee Stock Ownership Plans, or ESOPs. Until recently, I didn't fully understand how they worked. And I'd bet most business owners don't either. Which is exactly why this episode matters. Even if you don't currently own a business or a practice, I still think it's important to learn about strategies like this—because someday you might. And in the meantime, you're expanding your financial vocabulary, which is always a good investment. So, what is an ESOP? At its core, an ESOP is a legal structure that allows you to sell your business to a trust set up for your employees—usually over time. It's a way to cash out, preserve your legacy, stay involved if you want to, and unlock some massive tax advantages in the process. But before we talk about all the bells and whistles, let's address the number one question that confuses almost everyone—including me: Where does the money come from? If you're selling your company to a trust, and your employees aren't writing you a check… how the hell are you getting paid? Here's the answer: You're selling your business to an ESOP trust, which is a qualified retirement trust for the benefit of your employees. That trust becomes the buyer. But like any buyer, it needs money. So how does it pay you? There are two main sources: Bank financing – Sometimes, the ESOP trust can borrow part of the purchase price from a lender. Seller financing – And this is the big one. You finance your own sale by carrying a note. That means you get paid over time, through scheduled payments—funded by the company's future profits. The company continues to generate cash flow, and instead of paying it out to you as the owner, it pays off the loan owed to you as the seller. So yes—it's a structured, tax-advantaged way to convert your equity into liquidity using your company's own future earnings. You're not walking away with a check on Day 1—but you are pulling money out of the business steadily and predictably, often with interest that beats what a bank would offer. And here's the kicker: If your company is an S-corp and becomes 100% ESOP-owned, it likely pays no federal income tax, and often no state income tax either. That means a lot more money stays in the business—available to fund your buyout faster. If you're a C-corp, you might even qualify for a 1042 exchange, which can defer or eliminate capital gains taxes entirely if you reinvest the proceeds in U.S. securities. And here's something the experts probably won't say out loud—but I will: This isn't always about selling your business. Sometimes, it's just a very clever way to get money out of your business and pay less tax. You'll hear ESOP consultants talk about legacy and succession planning—and that's all true and valuable. But in reality, some owners use ESOPs as a pure tax play. They stay in control, they keep running the business, and they simply create a legal structure that lets them pull money out tax-efficiently while rewarding employees along the way. Think of it less like a sale and more like a smart internal liquidity strategy. You still own the culture. You still drive the direction.