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Credit has disappeared, buyers are scarce, and your retirement plans have not moved. There is an answer many owners overlook. Understanding how an ESOP works can put a transition inside ninety days.
Read the article (PDF)Justin Rubner reports on John Farra, sixty-eight, CEO of Norcross printing supply company Laser Supply & Service. He took his thirteen employees to dinner, told them he was retiring and that the company had been sold. Visions of layoffs filled the room. Then he told them it belonged to them.
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