At some points in the life of the ESOP loan, you may find it advantageous or necessary to refinance that debt. This article examines the factors fiduciaries should consider, including the benefit of the refinance to the company versus the ...
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ESOP Blog
ESOP Diversification Myths And Misunderstandings
Diversification – that often misunderstood process by which "qualified participants" can elect to have some of the shares in their ESOP account distributed to them in cash or rolled over to other investment options. Read this article for a ...
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ESOP Questions Answered: The FAQs
Every business is unique, but most business owners have the same goal – to fully realize the promise of their most valuable asset, the business they put so much time and sweat equity into building. Because most non-publicly traded corporations ...
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Indemnifying ESOP Fiduciaries: Harris v. GreatBanc Trust Company
When the Ninth Circuit Court of Appeals blocked an ESOP-owned company from advancing attorneys' fees to plan fiduciary defendants out of corporate assets in the 2009 decision in Johnson v. Couturier, the surprise and apprehension in the ESOP ...
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ESOP Reshuffling – Good For Everyone On Deck … And Off
There are a variety of options for ESOP companies looking to maximize stock allocations to active participants, minimize stock allocations to terminated participants, and efficiently use the cash within the trust to accomplish these ...
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The S Corporation ESOP Structure
The significant tax savings heralded in the tax press for the S Corporation ESOP structure depend on the strategy for the use of the ESOP, as well as the strategy for using the cash that the plan might be able to accumulate in lieu of paying it into ...
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