One of two owners of Attorney Recovery Systems, Inc. needed to get full liquidity for his interest in the Company due to health issues. The other owner wished to continue to own and manage the Company going forward.

BCC advised the shareholders in the sale of a 49% interest in the Company to the employees using an ESOP. BCC designed the transaction, implemented the ESOP, placed the financing for the transaction and assisted the selling shareholder in maximizing after-tax proceeds. BCC also assisted the Company with employee communication related to the transaction.

The selling shareholder deferred 100% of his capital gains taxes from the transaction, and the full amount of the transaction was tax deductible for the Company.

Due to the selling shareholder's deteriorating health condition, BCC completed the transaction in less than 90 days.