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An
ESOP is not for all companies; however, through the Triangle ESOP
Alliance's experience, we have developed general criteria which
companies should meet to consider an ESOP: |
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Drake & Associates, Ltd is a proud member of the Board of Directors of the Triangle ESOP Alliance.
Our preferred ESOP partners and members of the Alliance include: President Charter
Members:
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1.
Owners / primary shareholders nearing retirement or have a need to
diversify their personal portfolio. 2. Owners desire to reward employees and create an ownership culture. 3. Company has at least 25 employees. 4. Revenues are at least $5 million. 5. Company has EBITDA of at least $500,000. 6. Company has at least some unencumbered assets. 7. Company is a C corporation or can convert to C status. 8. Successor management is being developed or is in-place and the business is not overly dependent on a single individual. 9. There are no significant liabilities. 10. There are no significant legal obstacles. 11. Stable Cash Flow. |
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For
more information on these suggested criteria, please contact a Drake
Representative at (919) 969-9901, or one of our preferred partners
in the Triangle ESOP Alliance. |
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©1992-2015 DRAKE & Associates, Ltd. All Rights Reserved. See Privacy Statement. |
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