Employee Stock Ownership Plans

Evaluating an ESOP from a succession planning perspective

401K, Employee Stock Ownership Plans, ERISA (Employee Retirement Income Security Act, Succession Plans, U.S. Department of Labor, Uncategorized / Douglas Freeman

If you’ve been in business for a while, you’ve probably considered many different employee benefits. One option that might have crossed your desk is an employee stock ownership plan (ESOP). Strictly defined, an ESOP is considered a retirement plan for employees. But it can also play a role in succession planning by facilitating the transfer […]

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ESOPs offer businesses a variety of potential benefits

C Corporations, Employee Benefits, Employee Stock Ownership Plans, Employees, Retirement, S Corporation, Small Business, Tax, Tax Deduction, Tax Planning / Douglas Freeman

Wouldn’t it be great if your employees worked as if they owned the company? An employee stock ownership plan (ESOP) could make this a reality. Under an ESOP, employee participants take part ownership of the business through a retirement savings arrangement. Meanwhile, the business and its existing owner(s) can benefit from some tax breaks, an

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