In addition to deferring income tax on the sale of your dealership, other benefits that make an ESOP valuable for both the owner and employees include:
Are you looking to sell your dealership?
Do you want to maximize your return on your investment and at the same time create a huge benefit for your employees?
If so, you should consider an Employee Stock Ownership Plan (ESOP).
Dealership owners can use an ESOP as a transition plan that creates an ownership culture at the dealership. Structured properly, they can create a government-sanctioned retirement plan for your dealership’s employees while providing significant retirement assets to the selling owners.