The power of employee ownership: Exploring ESOPs with Woodforest National Bank
Oct 15, 2024
As businesses look for innovative ways to secure their futures while rewarding loyal employees, employee stock ownership plans (ESOPs) have become an increasingly popular option. With the impending "Silver Tsunami"—the wave of businesses needing ownership transitions due to aging baby boomer owners—ESOPs offer a structured, tax-efficient solution. In Harris County alone, there are over 30,000 businesses owned by individuals aged 55 and older.* We sat down with Christopher Dvorachek, executive…