In 1996, Congress enacted legislation[1] that for the first time permitted an employee stock ownership plan (ESOP) to be an eligible S corporation shareholder, effective for tax years beginning after December 31, 1997. In 1997 the law was modified ...
[Read more] about The Truth About S Corporation ESOPs
Finally! Pre-approved ESOP Plan Documents to Make Your Life Easier
Historically, ESOPs were custom written documents produced by lawyers, which had to be submitted to the Internal Revenue Service for approval. These documents could be costly to amend and maintain. With the arrival this summer of IRS pre-approved ...
[Read more] about Finally! Pre-approved ESOP Plan Documents to Make Your Life Easier
ESOPs Can Help Narrow Racial Wealth Gaps
It is highly researched and widely known that too much of the country’s capital wealth is concentrated in the hands of too few. Furthermore, Black Americans face greater systemic barriers to building wealth beyond the need for a decent wage. Employee ...
[Read more] about ESOPs Can Help Narrow Racial Wealth Gaps
Highlights from NCEO Employee Ownership Conference
Homeschooling at the National ESOP Conference? As they say, you should never let a good crisis go to waste. Teaching and learning at home can be an added strain on employees and business owners. However, a well-executed pivot by the National Center ...
[Read more] about Highlights from NCEO Employee Ownership Conference
ESOPs Create More Valuable Companies
In this podcast, Kevin Long talks about how participatory management in an Employee Stock Ownership Company can strengthen the company for eventual sale to a third party.
Transcript
If you're thinking about an eventual exit or succession ...
[Read more] about ESOPs Create More Valuable Companies
ESOP Reshuffling – Getting Stock To The “Have Nots”
ESOP reshuffling is a tool you can use to manage your ESOP repurchase obligation and get stock to the so-called ESOP "Have Nots."
TRANSCRIPT
Speaking of benefits, this is Kevin Long. In this episode, we're going to talk about tools you can ...
[Read more] about ESOP Reshuffling – Getting Stock To The “Have Nots”