May 1, 2023 – On today's episode of Lifetime Planning, we have a special guest, Michael Webb from Business Transition Advisors, who sheds light on the fascinating world of ESOPs or Employee Stock Ownership Plans. Michael shares his insights on the benefits of ESOPs for both business owners and employees and discusses what size or type of business ESOPs are most appropriate for. He also dispels a few common misconceptions around ESOPs and provides a framework for the exact process a business would go through if they decide to go this route. Whether you're a business owner looking to transition or simply curious about ESOPs, this episode is a must-listen. So tune in to discover how ESOPs can empower employees and help businesses thrive in the long run.