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MG Surety Bonds > succession planning

ESOPs and Surety Bonding

ESOPs and Surety Bonds - A picture of three contractors. One older and two younger. A large sign up top says ESOP. A text box says" ESOPs and Surety Bonds". A smaller texts says, "Transitioning Your Company"

Continuity and succession planning are important to bond companies. There are many ways in which contractors can accomplish the transitioning of their business. One popular method we are seeing more of is the Employee Stock Ownership Plan (ESOPs). ESOPs are a tax-qualified retirement plan that invests in the stock of the company. They can be […]

Surety Bonding, Continuity and Succession Planning

Surety Bonding, Continuity and Succession Planning - Picture of an arrow that says, "succession planning". At the end is an "under construction " sign. Below is a picture of two contractors shaking hands. The words, "Surety Bonding and Continuity" in a tex box. Red and gray border

Transitioning any business can be a challenge but maybe even more so in construction. You must decide whether to sell to a family member, key employee(s), or even a third party. What is the firm worth? Is the value in intangible customer relationships, industry knowledge or hard assets such as equipment? How will the new […]

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