The Power of ESOPs: Navigating Business Exit Strategies with David Blauzvern

Why We Plan

English - October 12, 2023 14:00 - 15 minutes - 21.2 MB - ★★★★★ - 10 ratings
Business exit planning succession planning business planning entrepreneurs Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: Boosting Business Value: A Dive into Strategic Planning with George Sandmann

Next Episode: Charting Successful Exits: Ken Rumbaugh's Journey with Business Owners

In this episode, John Brown speaks with special guest David Blauzvern, Vice President of csgpartners.com.

CSG Partners is an investment bank headquartered in New York City, specializing in ESOP transactions. This discussion revolves around Employee Stock Ownership Plans (ESOPs), their benefits, and their complexities. Blauzvern emphasizes that while ESOPs offer unique advantages, especially for owners looking to preserve company culture and benefit employees, a lack of education about ESOPs prevents more business owners from considering this option.

Benefits of ESOPs:

Flexibility in structuring transactions.Options include minority or majority sales, selling equity to management teams, etc.Preserves company culture; management remains the same.No layoffs post-transaction.Acts as an incentive for current and prospective employees.Tax advantages.