Industry Guide
Employee Stock Ownership Plans in Construction: The Succession and Ownership Structure That Works Well for Some Contractors
Employee Stock Ownership Plans (ESOPs) let owners transition ownership to employees while providing tax advantages and continuity. In construction, ESOPs have become increasingly common for succession planning. The structure has specific tax benefits, regulatory requirements, and operational considerations. Understanding how ESOPs work helps owners evaluate whether the approach fits their situation.
Jordan Patel6 min read