E34: Preserving Family Business Culture Through Employee Ownership (ESOPs) with Kelly Finnell

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