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 Blog
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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ESOP Restatements And Submissions … Making The Most Of Your Relationship With The IRS?
By now, all companies sponsoring ESOPs should be aware that their plan documents must be restated and submitted to the IRS every five years for a letter of determination of their tax qualified status. What they may not realize is that the ...
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ESOPS & Limited Liability Companies: Converting To A Corporation
Want an ESOP But Have an LLC? Convert!
Business owners frequently choose to operate as a limited liability company (LLC) because it provides for a less formal governance structure and the option to be taxed as a partnership. But, the ...
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