October is ESOP month and employee-owned Material Handling Wholesaler and CSG Partners present a webinar tailored to Material Handling equipment dealers, Equipment Rental companies and related industries.
You’ve probably heard by now that Employee Stock Ownership Programs (ESOPs) offer tax advantages to sellers and employees of material handling businesses, equipment rental companies, and businesses in related industries – but did you know that ESOPs don’t require you to give up control of the business? Did you know that most employee-owned businesses pay zero state or federal income tax?
ESOPs represent a unique opportunity for owners to reduce or eliminate their company’s tax burden and increase employee retention and morale, all without requiring an owner to give up control. These are just several reasons why ESOPs have gained popularity in our industry.
This free, 1-hour webinar will help owners/executives of material handling businesses learn how they can achieve liquidity without selling or losing control of their firms, while becoming a completely tax-free entity, and providing their employees with a meaningful benefit in the form of a retirement account. In this webinar, we’ll discuss:
- Why ESOPs are popular in our industry
- Structures to reduce/eliminate taxes
- ESOP as a liquidity strategy; alternative to M&A – Financing options
- Employee benefits and talent retention
Please join us Wednesday, Oct. 10th as Nathan Perkins, Managing Director with CSG Partners and Garry Bartecki, CFO of employee-owned Illini Hi-Reach and Material Handling Wholesaler Bottom Line monthly columnist, discuss how ESOPs work and the tax advantages they can present to your business
