Discussion:
ESOPs, MBOs, and Family Transition Exits"
• Examine the similarities and differences between an ESOP, MBO, and a Family Transition Exit. Determine which one would be the easiest to successfully complete and which one would be the most difficult to complete. Support your answers.
• Successfully transitioning a family business from one generation to another is a goal of most owners of family firms. Provide advice to a business owner who wants to have a family member take over the business. Create a checklist for the owner to follow and include an introduction and closing statement that provides a summary of your recommendations.