Employee Stock Ownership Plans (ESOP) can be an advantageous option for succession planning.

As a business owner, you have several options to consider when planning for exit. In an ESOP, participants are beneficiaries of the stock, and the ownership and management teams continue to run the day-to-day of the business. When it comes time to sell, an ESOP allows employees to benefit from the sale of a business. 

While there are several advantages to ESOPs, they are also very complex to navigate. Whether it is communication with employees, coordination of the service providers involved, help with structuring the plan, or managing the repurchase liability, it's important to understand the accounting and tax requirements that accompany this unique ownership structure.

ESOP Capabilities

We help businesses make sense of the ins and outs of ESOPs through the following services:

  • ESOP feasibility studies, including entity and transaction structuring
  • Initial ESOP analysis and succession planning
  • Corporate audit and tax compliance for ESOP sponsor companies
  • ESOP accounting consulting
  • ESOP audits
  • ESOP M&A
  • Mature ESOP consulting and compliance
  • ESOP sustainability, including repurchase obligation and long-term valuation analysis

Is an ESOP a Good Fit for Your Organization?

Learn more about what an ESOP is, how it works, key benefits, and potential challenges to help decide if an ESOP may be an option for your organization.
Read the Article
We’ll help you navigate the complexities of ESOPs.

Clients We’ve Impacted with Our ESOP Services

          • Plains Ag
                  • RHI Supply
                    • Sands Logo

                      We're here to help your employee-owned company succeed.

                      Our team has been serving ESOPs for over 25 years. We currently work alongside employee-owned companies ranging from small businesses to Fortune 500 companies.

                      ESOP Leadership

                      Kirk Lindemann

                      Kirk R. LindemannCPA

                      Partner/ESOP Industry Leader

                      Kirk provides audit and accounting services to closely held companies, including contractors, ag-related businesses, manufacturers and dealerships. He specializes in employee-owned companies, focusing on tax and accounting services related to ESOPs, health and welfare, and 401(k) plans. He also has experience with mergers and acquisitions, ensuring clients stay on top of necessary due diligence procedures.
                      Travis Lance

                      Travis R LanceASA


                      Travis provides business valuation and transaction advisory services to a wide variety of industries. He specializes in employee-owned companies and acts as an adviser in ESOP (Employee Stock Ownership Plan) transactions and related compliance consulting. He also provides litigation support through business valuation and other financial and economic analyses. Key industries served by Travis include agriculture, energy, and manufacturing.