039: Talking ESOPs with Larry Kaplan

By Aline Wealth Management on March 29, 2023

You’re considering selling your company and you hear about a concept to defer or even possibly not pay capital gains—instantaneously creating tax advantages for your company. All that might sound too good to be true, however, Employee Stock Option Plans (ESOPs) are a viable alternative when one is ready to sell their business. Larry Kaplan has built a career advising business owners on the benefits of ESOPs.

Larry has built the nation’s leading ESOP investment banking practice at CSG Partners. Since 2000, his team of employee stock ownership plan advisors has guided hundreds of middle-market companies through the building and financing of leveraged ESOPs. Employee-owned companies nationwide also trust CSG with secondary sales, plan maintenance, and M&A transactions. Prior to starting CSG, Larry co-founded two growth companies, which he developed and sold.

Today, Larry joins us to discuss what he calls one of the best-kept secrets in the business—ESOPs.

KEY TAKEAWAYS

• Learn what an ESOP is and how it works.
• Uncover the tax advantages made possible by this exit strategy.
• Larry shares an inside look into his own ESOP exit planning process.
• Discover the ways in which ESOPs can help you reward your employees and build an ownership culture at your company.

INSPIRING QUOTE

“It’s much better to start talking with professionals, because everyone’s case is a little bit unique than the others, and it’s very difficult. Everything that we do is quite customized to the individual goals and objectives of the shareholders of the company.” – Larry Kaplan

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