One of this year’s Super Bowl ads touched me and made me cynical at the same time. Dodge’s RAM Truck ad linked their trucks with instances of people helping others and giving back to their communities. Playing in the background were excerpts from Dr. Martin Luther...
An ESOP (Employee Stock Ownership Plan) is a unique vehicle for owners and employees. An ESOP offers a flexible, tax-favorable way for owners to exit their business and provide retirement benefits and retain and motivate employees. ESOP’s are popular. In the U.S....
Although it’s a very powerful structure for many ESOP owned companies, it continues to be shocking to many owners and their tax advisors that a company owned 100% by an ESOP is essentially tax exempt. Believe it! This competitive tax advantage is the result of the...
Are your company’s ESOP repurchase obligations like a monster hiding in the closet? How can you develop a plan for managing and funding repurchase obligations if you don’t know what they are? An ESOP company with privately-held stock has a statutory...
An Employee Stock Ownership Plan (ESOP) can be a great option for business owners who are developing a succession strategy, providing an additional retirement benefit for employees, or hoping to achieve diversification, but is it right for your company? To answer this...
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