An Employee Stock Ownership Plan (ESOP) offer compelling advantages for business owners, companies and their employees. Out of all the business planning options out there, they stand out because of their flexibility.
This second installment of ...
[Read more] about Understanding ESOPs: How To Determine If An Employee Stock Ownership Plan Is Right For You
Blog
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 ...
[Read more] about ESOP Reshuffling – Good For Everyone On Deck … And Off
Plan Amendments: ‘How To’s’ Of Plan Administration
Improperly amending a retirement plan can jeopardize the plan's tax-qualified status. For health benefit plans or other welfare plans, it can be the prospect of a recovery for the plaintiff's lawyers seeking benefits for their individual ...
[Read more] about Plan Amendments: ‘How To’s’ Of Plan Administration
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 ...
[Read more] about ESOP Restatements And Submissions … Making The Most Of Your Relationship With The IRS?
Health Care Reform: Are You A “Large” Employer
A large employer is one that for a year employed an average of at least 50 full-time employees (at least 30 hours per week) on business days during the preceding calendar year. In order to make this determination, the employer must not only count all ...
[Read more] about Health Care Reform: Are You A “Large” Employer
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 ...
[Read more] about ESOPS & Limited Liability Companies: Converting To A Corporation