Surety & ESOPs: Talk Before the Transition

As many construction company owners near retirement, succession planning has taken center stage. Employee Stock Ownership Plans (ESOPs) are becoming a popular exit strategy, but contractors who rely on surety bonding should consider how an ESOP may affect leverage, leadership continuity, and indemnity. Involving surety partners EARLY can help avoid potential problems and negative impacts to bonding programs. Read the full article here.