ESOP Candidate Checklist

Company Name*

Contact Name*

First Last

Position / Title*

Phone*

Email*

Type of Corporation*

The company is closely held.*

The company has payroll adequate to support an ESOP (minimum $1,000,000).*

The company has had strong pretax, pre-distribution/bonus earnings and cash flow over the previous few years.*

The company expects to have pretax, pre-distribution/bonus earnings over the next few years averaging $1,000,000+.*

The company, or individuals recoginizing pass through income, expect to pay substantial federal income taxes during the past few years.*

One or more stockholders desire liquidity and are willing to consider selling some stock at a fair price.*

If one or more principal executives plans to depart in connection with the sale, strong successor management is available.*

The company customarily makes matching contributions to a 401(k) plan.*

The owners desire to leave a legacy and/or reward employees.*

Comments

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ESOP Candidate Check List