Employee Stock Ownershiup

July 8, 2008   Business Planning

ESOPs – Unlocking the Wealth of Privately-Held Businesses

By Brian Eagle, J.D.
Do you represent clients who are owners or man­agers of privately held companies? Are they looking for exit strategies that will:       ·     Reduce or eliminate the company’s income taxes;     ·     Reduce risk by diversifying an owner’s investments; and,     ·     Increase the wealth of the company’s managers and • employees? Advisors of privately held companies who answer yes to these questions are considering Employee Stock Ownership Plans (ESOPs).   What is an ESOP? An ESOP is a qualified retirement plan with special exemp­tions allowing the plan to use debt to acquire “employer securities” which consists of common and convertible preferred stock. &nb...
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