Ep. 14 - How to structure Your Business for an Employee Buyout (Bill Heestand)

In this episode we go back to an interview Jeff did in his Entrepreneur Essentials 2.0 podcast with Bill Heestand of the Ownership Ladder. Bill is an author and expert in business transitions that involve employees or family buying a closely held business. Jeff and Bill discuss:

1. How business owners can begin to structure their business for an employee buyout.
2. The financial vehicles used to complete a buyout.
3. How a business owner needs to prepare themselves for a business sale.
4. After the sale...What do you do next?

Bill Heestand was the CEO of Heestand Company for over 32 years. Bill structured and completed a buyout of his company with a key employee. Since retiring, Bill has written a book on sales of a business to a key employee or family member called The Ownership Ladder which is available on Amazon. Bill has since created another company called Financially Worry Free (www.financiallyworryfree.com) which focuses on helping people retire well and retire early.

Jeff Kikel is the host of the Money Trekker podcast. Jeff is the veteran of two podcasts and a Youtube show and additionally over 27 years in the financial services industry. Jeff is the founder and owner of 3 businesses in the Financial Services, Coworking, Media, and publishing industries. Jeff lives in Cedar Park Texas, a suburb of the Austin area.

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