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Suggest who benefitsDashboard: Why Gene Marks Thinks Blockchain is the Story of the Year
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Suggest questionThis week, Gene Marks tells Loren Feldman that he expects blockchain technology to spawn an explosion of digital transactions and a whole new economy. Does this mean business owners need to understand what a non-fungible token is? And would you buy an NFT of this podcast episode? Plus: tips for inflation-proofing your business. And is the Qualified Small Business Stock exemption a ridiculous loophole or a boon to small businesses?
About 21 Hats
The proponents of employee stock ownership plans can make them sound like the greatest thing ever. A business owner can take a big chunk of money off the table—or even all of it—while still getting to run the business. And there are some pretty great tax breaks. Oh, and it will also solve income inequality in America. On the other hand, if ESOPs are so smart, why are there so few of them?
Jim Kalb of Triad Components Group in San Diego and Jeff Taylor of Crafts Technology in Chicago have both implemented ESOPs. Jay Goltz of the Goltz Group in Chicago has reached his 60s without a succession plan, and he’s considering his options. In this 21 Hats Conversation, you get to listen in on a street-smart discussion of the pluses and minuses of ESOPs from the business owner’s point of view.