July 22, 2013 - Looking for an alternative to rewarding your most valuable employee(s)? An ESOP or Employee Stock Ownership Plan might be an option for you. An ESOP can be highly effective for business owners and employees alike.
When considering whether an ESOP is beneficial to your business, it is important to complete due diligence to ensure you are making the best decision for your company. Don’t get consumed in just the tax benefits and the immediate benefits of the ESOP. As with any major decision, there are caveats to having an ESOP as well.
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