In this episode of the Car Wash Advisory Podcast, host Harry Caruso sits down with Richard Harmon of CSG Partners to unpack the world of Employee Stock Ownership Plans (ESOPs), a powerful yet often misunderstood path for business owners. Richard explains how ESOPs let owners gain liquidity and diversification, reward employees with meaningful retirement benefits, and even create tax-free companies, all while preserving legacy and governance. From the history behind ESOPs to real-world comparisons with private equity sales, this conversation offers entrepreneurs and operators a clear, practical guide to when and why ESOPs make sense.

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