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Boca Raton, FL, December 05, 2012 --(PR.com)-- It’s no secret the baby boomer generation has been identified as one the most entrepreneurial generations in our country’s history. It’s also no secret that approximately 7.7 million baby boomers will want to retire and sell their business in the next ten years and many don’t have a strategic plan designed on how to get it accomplished.
Because the recession has greatly diminished business values over the past years, planning a successful and profitable exit strategy might require owners a bit more thought and exploration of options than in years past. One out the best solutions to consider for someone owning a decently profitable, cash flowing company might be an ESOP, short for Employee Stock Ownership Plan, which is a sale of all or part of a business owner’s stock to an ESOP for cash, corporate notes, or a combination of both.
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