Episode 101 - Darren Gleeman, MBO Ventures
Episode 101 is the 47th episode of Season 2.
We're joined today by Darren Gleeman, Managing Partner at MBO Ventures.
Darren was the founder of e-Coupons and Managing Partner of GMD Trading and GB Trading. He's an ESOP extraordinaire and often sought out for his expertise in the topic along with his financial acumen.
Initially, he founded a firm that took the human element out of trading and transitioned the company into one of the first high-frequency trading platforms in the world trading over 1% of all US equities every day.
ESOPs can help accomplish a successful exit for business owners where they can sell their firm or a portion of it to their employees.
Congress has created tremendous tax advantages on this, enabling owners to earn significantly more money when selling to an ESOP over private equity.
No employee funds are required.
Owners can defer their capital gains on the sale of the company indefinitely.
S Corp ESOPs are a tax-free entity.
The Loan principal is paid back to the owner with pre-tax dollars.
Owners can maintain managerial control and upside potential.
Employee retention is increased and they become owners, working harder and better.
Find out more at mboventures.com.
Thank you to our advertiser for this episode, Green Rush Accounting & Tax Consulting!
Enjoy the show.
