Why you should consider an employee stock ownership plan when preparing for a business transition
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Let’s review some construction ESOP benefits and how they serve as a key differentiator in the industry's recruitment landscape.
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Explore ESOP benefits, pitfalls, and suitability for construction businesses. Elevate teamwork, tax advantages, and ownership mentality.
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NEW YORK (Oct. 25, 2023) — Schimenti Construction, a construction services firm, announced its transition to an employee stock ownership plan (ESOP). This step highlights the company's commitment to its customers, trade partners and employees while remaining dedicated to supporting a workplace culture of community, collaboration, service and safety.
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The tax advantages of this effective ownership transition tool can help ensure the long-term success of any company.