An Employee Stock Ownership Plan (ESOP) offers numerous advantages, including tax benefits, liquidity for business owners, and fostering a positive company culture. By providing employees with a stake in the company, they become more invested in its success and are motivated to work harder. Furthermore, an ESOP can serve as a tax-efficient method for business owners to sell their shares to employees, allowing them to receive proceeds on a tax-deferred basis and potentially mitigate all tax liabilities associated with the sale of the business.
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