Small Biz Ahead
A Podcast By Small Business Owners, For Small Business Owners
1 year ago

Is An Employee Stock Ownership Plan (ESOP) Right for You?

Episode Notes

Hey everybody, this is Gene Marks and welcome to another episode of the Hartford Small Biz Ahead podcast. Thank you so much for joining me. As I run around the country and speak to so many different business groups, across all different industries, there is one thing that I notice when I look out at the audience. Business owners are kind of old. We hear a lot about the younger millennials or even Gen Zers, the tech startups, the cool hot businesses that get a lot of attention. But, the bottom line is the SBA, the Small Business Administration actually has reported that more than half of U.S. small businesses are over the age of 50. The average age of the U.S. small business owner is actually 55 years old, which brings me to the topic of today, which is employee stock ownership plans.

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