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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

ESOP trustees are selected by the Board of Directors. Watch our video to learn more about how to choose your ESOP trustees.   ESOP Trustees The law requires the board to be responsible for the prudent selection, monitoring, ...
[Read more] about Who Are the ESOP’s Trustees and How Do I Determine That?

The ESOP appraisal process is the legal responsibility of the trustee. Learn more about the process in this video.   ESOP Valuation The ESOP trustee is the owner of the shares and must report the value of the stock ...
[Read more] about Who Is Legally Responsible for Valuing the ESOP Stock?

The Code requires that company stock in the ESOP must have full voting rights. In this video, we discuss who votes the shares held in the ESOP.   Voting Rights for ESOP Participants Since the ESOP trustee is the shareholder, the trustee ...
[Read more] about Who Votes the Shares Held in the ESOP?

Since an ESOP is a qualified retirement plan, it is subject to the same eligibility and coverage rules as other plans such as profit-sharing plans. Watch our video to learn more about who participates in the ESOP.   ESOP ...
[Read more] about Who Participates in the ESOP?