E34: Preserving Family Business Culture Through Employee Ownership (ESOPs) with Kelly Finnell
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E34: Preserving Family Business Culture Through Employee Ownership (ESOPs) with Kelly Finnell
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About this listen
Ever thought about using an Employee Stock Ownership Plan (ESOP) as a way to transition your business?
In this episode, Adam Hill sits down with ESOP expert Kelly Finnell to break down how these plans work, why they’re the best move for some family-owned businesses, and what it really takes to put one in place.
They’ll cover how ESOPs can protect your company’s culture, reward your team, and offer a meaningful path to succession—all while keeping the heart of the business intact.
0:00 Intro
5:37 Kelly's journey as an ESOP pioneer
19:22 Tax benefits and "losers" in ESOP transactions
25:52 Minimum requirements for ESOP candidates
31:43 ESOPs in different industries and cultures
36:32 Governance structures in ESOP companies
40:11 The concept of compassionate capitalism
43:42 How owners can prepare for ESOPs
Resources Mentioned:
The ESOP Coach by Kelly Finnell
EFS ESOP Consultants
Email: adam.hill@eosworldwide.com
Follow Adam:
IG: @theadamchill
YouTube: @adamchill
LinkedIn: https://www.linkedin.com/in/adamchill