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Business Valuation Lessons From ESOPs

Martinka Consulting

One of my roles was being on the team interviewing the critical (and very expensive) ESOP advisors. There’s a Third-Party Administrator, Attorney for the Company, Trustee, Attorney for the plan, and business appraiser (and I found most appraisers don’t do ESOP valuations). In every case the answer was, “the valuation.”

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