ESOP Article Overdue

BY NORM KOCOL, CPA

I am a CFO associated with a 100% employee-owned company. I found Scott Miller’s article (“The ESOP Exit Strategy,” March 10, page 32) very timely and long overdue.

 

It is my opinion that the ESOP tool is one of the best—if not the best—available tools for owners of companies to transfer ownership to people who helped enhance the owners’ wealth.

 

It is unfortunate that many who work closely with owners in the financial services area do not know about the ESOP tool or do not understand ESOPs.

 

Norm Kocol, CPA

Johnsburg, Ill.

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