ESOP Advisory in Eden Prairie, MN

Boulay’s Employee Stock Ownership Plan (ESOP) Advisory team in Eden Prairie is conveniently located at the corner of I-494 and Prairie Center Drive. As part of a leading CPA firm in Eden Prairie, our seasoned ESOP Advisory professionals extend their services to over 175 ESOPs across the nation. Boulay’s ESOP Advisors cater to a diverse clientele, ranging from business owners to corporations in numerous industries. Our services span across all stages of the ESOP life cycle, from the initial stages of owners considering an exit strategy, to the transition into an ESOP-owned business, to providing ongoing ESOP advisory and financial reporting solutions to established ESOPs.

When contemplating the possibility of selling a business you’ve worked hard to build, it’s only natural to be concerned about the company’s future operations and the well-being of your employees. ESOPs are a smart alternative exit strategy for owners of closely held businesses. This option not only ensures the continued legacy of your company but also provides financial rewards for both you and your employees. Our dedicated ESOP Advisory team is here to support you throughout the process.

Office Hours
Monday 8 – 4:30 PM
Tuesday 8 – 4:30 PM
Wednesday 8 – 4:30 PM
Thursday 8 – 4:30 PM
Friday 8 – 4:30 PM

ESOP ADVISORY Services

As part of a leading CPA firm, our ESOP Advisory Team provides comprehensive resources, expertise and services that are designed to support you throughout the entire ESOP journey. These include:

1) ESOP FEASIBILITY STUDY

The purpose of an ESOP feasibility study is to give the selling shareholder(s) the financial information needed to determine whether to move forward with an ESOP transaction. Further, the results of the feasibility study enable the selling shareholder(s) to propose a structure to the ESOP Trustee and their team. Learn More

2) ESOP Repurchase Obligation

The ESOP repurchase obligation is a future claim on company cash that is an unconditional liability of the Company to pay when it comes due. Our advisors are here to be your strategic business partners in helping you meet the ESOP repurchase obligation, sustain your ESOP and accomplish your company goals. Learn More

3) Third-Party Administration

We specialize in delivering retirement plan administration services that meet your needs, and our services are ongoing even after implementing your program. Serving companies with 25+ employees in all industries nationwide, we focus on the actions related to establishing and managing a company’s ESOP and 401(k) third-party administration (TPA) needs. Learn More

4) ESOP Plan Design

Our team works to understand the specific circumstances and needs of your business in order to build or amend your current ESOP Plan. Our ESOP plan design services account for all details to create the right fit or adjustments – resulting in an ESOP that helps you get there. Learn More

Invested In Your Success

Our ESOP Advisory team in Eden Prairie collaborates closely with you, your legal counsel, and other stakeholders to ensure that the ESOP’s structure, transaction, plan design, and transition are executed with success, benefitting both the selling shareholders and the ongoing ESOP participants. Numerous clients rely on Boulay’s integrated ESOP expertise, utilizing our guidance for initial transactions and post-transaction services such as third-party ESOP administration, ESOP sustainability and repurchase studies, as well as audit and tax support.

Drawing upon our extensive history of serving ESOP-owned businesses, we recognize that the motivations of an ESOP company can differ significantly from those of privately owned enterprises. This understanding informs our approach to align with your unique goals and objectives as an ESOP-owned company, whether it pertains to minimizing taxes, optimizing cash flow, or ensuring legacy continuity. It’s why we actively advocate for and stay current on the issues that matter most to ESOP-owned firms. You’ll frequently find our ESOP Advisory team members actively participating, learning, and sharing insights at various national and local ESOP associations, including but not limited to:

Active Participation in ESOP Associations

Our commitment to ESOP excellence is demonstrated through our active participation in national and local ESOP associations, including but not limited to:

Whether you’re in search of guidance to determine if an ESOP is the right fit for your company or require assistance with the intricate transaction process, the Boulay ESOP Advisory team stands ready to guide you every step of the way.