An ESOP (Employee Stock Ownership Plan) is a defined-contribution plan that is a stock bonus plan or a combination of a stock bonus plan and money-purchase plan designed to invest primarily in qualifying employer securities. This reference provides comprehensive coverage on how ESOPs work and how to use them as versatile financial tools to assist owners of private corporations achieve their succession planning objectives. The book explains how the ESOP can maximize the value to owners of private corporations, how the ESOP can be a windfall for employees, and how it will perpetuate the organization and keep it in the community.
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