Ohio-Based Software Consulting Company Becomes ESOP

Aug 28, 2020 | Timothy L. Stewart published an article about Test Double, a software consulting company which became an ESOP company earlier this year.  The article highlights many of the reasons why ESOPs are attractive to certain business owners, including that the amounts that the selling shareholders receive after taxes rivals or exceeds what they might receive by selling to a competitor.  The article also highlights that ESOPs are particularly attractive to business owners who desire to stay on and run the company for years after the transaction.