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Employee Stock Ownership Plan (ESOP)

Posted on October 7, 2022 by Donald Travers
ESOPs provide many tax advantages.An ESOP is really a retirement plan under which a trust acquires the employers stock in trust for the employees.The ESOP trust will choose the employer's stock from the employer or the employer's shareholder.The ESOP will acquire this stock by finding a bank loan.The lender loan is guaranteed by the employer.The employer can make yearly tax deductible cash contributions to the ESOP...