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.

More from the JofA:

 

 Find us on Facebook      Follow us on Twitter

 

SPONSORED REPORT

CPEOs provide peace of mind around payroll services

The creation of these new IRS-certified service providers for small businesses clarifies some issues around traditional professional employer organizations.

QUIZ

Pronoun practice to help polish your prose

Using pronouns correctly in writing and speech can help you make a good impression. Try our 10-question quiz.