Description
This program focuses on key, practical and strategic aspects of employee stock ownership plans that business owners, and their counsel, may come to contemplate and implement.
An ESOP is a qualified, defined contribution employee benefit plan that invests primarily in the stock of the employer company. ESOPs are "qualified" in that in return for meeting certain rules designed to protect the interests of plan participants, ESOP sponsors receive substantial tax benefits. Alone among qualified employee benefit plans, an ESOP can also borrow money from or on the credit of the employer, provided the ESOP uses the money to buy employer stock.