Preparing to sell your business? Theodore “Ted” Offit, co-founder of Offit Kurman, offers advice you cannot afford to ignore. In this excerpt from his recent appearance at the Ravens locker room at M&T Bank Stadium, Ted explains how—when it comes to mergers and acquisitions—buyers and sellers use employee stock ownership plans (ESOPs) to reduce tax burdens and reinvest sales proceeds in the business. Learn what ESOPs provide, and why some choose the option as an exit strategy while others ignore it. “Preparing Your Business for Transition: The Playbook for Maximizing Your Liquidity” was held in the Baltimore Ravens locker room at M&T Bank Stadium on April 23rd, 2015. Click here to learn about the event. For more information about selling a business and other legal topics, visit www.offitkurman.com. To contact Ted Offit, email toffit@offitkurman.com, or call our Maple Lawn, MD office at 301.575.0304.

ABOUT TED OFFIT

Ted Offit is a business lawyer, co-founder and Managing Principal of Offit Kurman Attorneys at Law. He serves as general counsel to a significant list of privately held organizations and often serves in an advisory capacity to the board of directors of the firm’s entrepreneurial clientele. He often serves as special counsel to businesses seeking to implement succession plans through a sale (merger and acquisition) or through transfers to affiliates (family members and employees). Mr. Offit also often serves as special counsel regarding the design and implementation of compensation plans for executive level staff. He can be reached at toffit@offitkurman.com or by calling 301.575.0304.

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