Convergence of Global Sustainability Standards Reinforces Importance of ESG InitiativesRead More
UHY Corporate Finance recently served as the exclusive advisor to Patriot Rentals and Equipment in their sale to Herc Holdings Inc. (NYSE:HRI). Dan Martino, Former President of Patriot, shared his experience working with the UHY Corporate Finance team on the sale of his company and was highly impressed with their capabilities. Citing outstanding expertise and leadership, Martino recalled how UHY CF was able to deliver data and insights to prospective buyers with precision that even made him marvel at his own company.
The first advantage of creating an ESOP is that it allows business owners to individually tap into cash, or, at least a more liquid investment position, without having to give up ultimate control of their business. A second advantage of an ESOP is that it also allows a business to reduce its federal income tax liability at any given level of profitability while still offering a valuable employee benefit to its workers, thereby increasing employee morale.
Contact UHY Corporate Finance to learn more about how ESOPs work, how to structure your ESOP, and if an ESOP is a right fit for your business. ESOPs also provide a number of significant federal income tax benefits to an employer, an employer’s shareholders and its employees, that our tax group can assist you with.
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