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(ESOP) Employee Stock Ownership Plan

Does your family business’s succession plan include estate planning strategies?

Estate Planning, Federal Estate Tax, FLP (Family Limited Partnership), Gift and Estate Tax, Trust, Uncategorized /

Family-owned businesses face distinctive challenges when it comes to succession planning. For example, it’s important to address the distinction between ownership succession and management succession. When a nonfamily business is sold to a third party, ownership and management succession typically happen simultaneously. However, in the context of a family business, there may be reasons to […]

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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 /

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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New business? It’s a good time to start a retirement plan

401K, Employee Benefits, Employees, Individual Income Tax, IRA, Retirement, Roth IRA, Simplified Employee Pension (SEP), Small Business, Tax, Tax Planning /

If you recently launched a business, you may want to set up a tax-favored retirement plan for yourself and your employees. There are several types of qualified plans that are eligible for these tax advantages: A current deduction from income to the employer for contributions to the plan, Tax-free buildup of the value of plan

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