--- title: Should My Company Offer an ESOP? description: Should My Company Offer an ESOP? --- [![Goosman Lawfirm](https://blog.goosmannlaw.com/hs-fs/hubfs/Goosmannlaw%20October2017/images/Goosmann_Law_Firm_logo_4C-white.png?width=1250&name=Goosmann_Law_Firm_logo_4C-white.png "Goosman Lawfirm")](http://goosmannlaw.com/) - [COVID-19 Toolbox](https://goosmannlaw.com/covid-19-resource-toolbox/) - Our Team - [Attorneys](https://goosmannlaw.com/attorneys/) - [Non-Attorney Staff](https://http://goosmannlaw.com/non-attorney-staff/) - Practices & Industries - [Practices](https://goosmannlaw.com/practices/) - [Banking & Finance](https://goosmannlaw.com/banking-finance/) - [Bankruptcy, Restructuring & Workouts](https://goosmannlaw.com/bankruptcy-restructuring-workouts/) - [Business](https://goosmannlaw.com/business/) - [Divorce & Family Law](https://goosmannlaw.com/divorce-family-law/) - [Employment](https://goosmannlaw.com/employment-law/) - [Environmental, Health & Safety](https://goosmannlaw.com/health-safety/) - [Estate Planning](https://trustlawcounsel.com) - [Gestational Surrogacy & Adoption](https://goosmannlaw.com/gestational-surrogacy-adoption/) - [International Law](http://goosmannlaw.com/international-law/) - [Litigation / Trial Law](https://goosmannlaw.com/litigation-trial-law/) - [Local Counsel](https://http://goosmannlaw.com/local-counsel/) - [Mergers & Acquisitions](https://goosmannlaw.com/mergers-acquisitions/) - [Rapid Response](https://goosmannlaw.com/rapid-response/) - [Industries](https://goosmannlaw.com/industries/) - [Agribusiness & Cooperatives](https://goosmannlaw.com/agribusiness-cooperatives/) - [Construction](https://goosmannlaw.com/construction/) - [Cyber Law and Telecommunications](https://goosmannlaw.com/cyber-law/) - [Education](https://goosmannlaw.com/education/) - [Health Care](https://goosmannlaw.com/health-care/) - [Manufacturing](https://goosmannlaw.com/manufacturing-law/) - [Multifamily Housing](https://goosmannlaw.com/multifamily-housing-law/) - [Non-Profit & Tax Exempt Organizations](https://goosmannlaw.com/non-profit-law/) - [Real Estate](https://goosmannlaw.com/real-estate/) - [Transportation](https://goosmannlaw.com/transportation/) - [Tribal](https://goosmannlaw.com/tribal/) - Our Firm - [Firm News](https://blog.goosmannlaw.com/firm-news) - Careers - [Attorneys](https://goosmannlaw.com/careers/attorneys/) - [Administration](https://goosmannlaw.com/careers/administration/) - [Internships](https://goosmannlaw.com/careers/internships/) - [Client Testimonials and Results](https://goosmannlaw.com/our-firm/client-testimonials-and-results/) - [Culture, Diversity, and Community](https://http://goosmannlaw.com/our-firm/culture-diversity-and-community/) - [Women-Owned Business](https://goosmannlaw.com/our-firm/women-owned-business/) - [Associations & Memberships](https://goosmannlaw.com/associations-memberships/) - [Firm History](https://goosmannlaw.com/firm-history/) - Blogs - [CEO Law Review](https://blog.goosmannlaw.com/ceo-on-your-side) - [Construction Lawyer](https://blog.goosmannlaw.com/construction-lawyer-on-your-side) - [Cyber Lawyer](https://blog.goosmannlaw.com/cyber-lawyer-on-your-side) - [Deal Maker](https://blog.goosmannlaw.com/deal-maker-on-your-side) - [Divorce Docket](https://blog.goosmannlaw.com/divorce-lawyer-on-your-side) - [Food for Thought](https://blog.goosmannlaw.com/agricultural-lawyer-on-your-side) - [HR Legal Insider](https://blog.goosmannlaw.com/human-resources-on-your-side) - [Law Doc](https://blog.goosmannlaw.com/health-lawyer-on-your-side) - [Paralegal Review](https://blog.goosmannlaw.com/paralegal-review/) - [Real Estate Lawyer](https://blog.goosmannlaw.com/real-estate-lawyer-on-your-side) - [Risky Business](https://blog.goosmannlaw.com/risk-manager-on-your-side) - [The Banker’s Suit](https://blog.goosmannlaw.com/banking-lawyer-on-you-side) - [Trial Law Review](https://blog.goosmannlaw.com/trial-lawyer-on-you-side) - [Trust Law Counsel](https://blog.goosmannlaw.com/estate-planning-laywer-on-your-side) - Resources - [COVID-19 Resource Toolbox](https://goosmannlaw.com/covid-19-resource-toolbox/) - [Podcast](http://podcast.goosmannlaw.com/) - [Videos](https://goosmannlaw.com/videos/) - [FREE eBooks & Tools](https://goosmannlaw.com/free-ebooks-tools/) - Contact Us - [Office Locations](https://goosmannlaw.com/locations/) - [Sioux City Law Firm](https://goosmannlaw.com/locations/sioux-city-law-firm/) - [Sioux Falls Law Firm](https://goosmannlaw.com/locations/sioux-falls-law-firm/) - [Omaha Law Firm](https://goosmannlaw.com/locations/omaha-law-firm/) - [Spirit Lake & Spencer Law Firms](https://goosmannlaw.com/locations/spirit-lake-and-spencer-law-firm/) - [Real Estate Closings Office](https://goosmannlaw.com/locations/real-estate-closing-office/) - [Submit a Testimonial](https://goosmannlaw.com/submit-a-testimonial/) - [Sign Up for Our Newsletter](https://goosmannlaw.com/sign-up-for-our-newsletter/) - [Pay Online](https://goosmannlaw.com/pay-online-3/) - [  (855) 843-4531](tel:855-843-4531) ![](https://blog.goosmannlaw.com/hubfs/Blog_Images/Lockbox%20Lawyer/close-button.png) [tel:855-THE-GLF1](tel:855-THE-GLF1) [Business News and Insights](https://blog.goosmannlaw.com/blog/topic/business-news-and-insights) [Employment News and Insights](https://blog.goosmannlaw.com/blog/topic/employment-news-and-insights) [CEO](https://blog.goosmannlaw.com/blog/topic/ceo) # [Should My Company Offer an ESOP?](https://blog.goosmannlaw.com/blog/should-my-company-offer-an-esop) By [Goosmann Law Team](https://blog.goosmannlaw.com/blog/author/goosmann-law-team)   |  22, July 2013 [READ NOW](https://blog.goosmannlaw.com/blog/should-my-company-offer-an-esop) [Read Post](https://blog.goosmannlaw.com/blog/should-my-company-offer-an-esop#article) [![](https://blog.goosmannlaw.com/hs-fs/hubfs/Logos/Logo1.jpg?width=60&name=Logo1.jpg)](https://blog.goosmannlaw.com/blog/author/goosmann-law-team) [Goosmann Law Team](https://blog.goosmannlaw.com/blog/author/goosmann-law-team)  Tags: [Business News and Insights](https://blog.goosmannlaw.com/blog/topic/business-news-and-insights) [Employment News and Insights](https://blog.goosmannlaw.com/blog/topic/employment-news-and-insights) [CEO](https://blog.goosmannlaw.com/blog/topic/ceo) 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. ### Select Different CTA for each Post from Blog Editor [![New Call-to-action](https://no-cache.hubspot.com/cta/default/489404/a8cefc17-3b9d-4de0-89cd-e60a64752422.png)](https://cta-redirect.hubspot.com/cta/redirect/489404/a8cefc17-3b9d-4de0-89cd-e60a64752422) ### Subscribe Our Blog Thanks for submission!! - Recent - Popular ### Posts by Topic - [Firm News (212)](https://blog.goosmannlaw.com/blog/topic/firm-news) - [Business News and Insights (135)](https://blog.goosmannlaw.com/blog/topic/business-news-and-insights) - [CEO (93)](https://blog.goosmannlaw.com/blog/topic/ceo) - [Employment News and Insights (85)](https://blog.goosmannlaw.com/blog/topic/employment-news-and-insights) - [Trust Law Counsel (85)](https://blog.goosmannlaw.com/blog/topic/trust-law-counsel) - [Agricultural News and Insights (71)](https://blog.goosmannlaw.com/blog/topic/agricultural-news-and-insights) - [Human Resources (65)](https://blog.goosmannlaw.com/blog/topic/human-resources) - [Agriculture (62)](https://blog.goosmannlaw.com/blog/topic/agriculture) - [Family Law News and Insights (59)](https://blog.goosmannlaw.com/blog/topic/family-law-news-and-insights) - [Litigation & Trial (56)](https://blog.goosmannlaw.com/blog/topic/litigation-trial) - [Divorce & Family Law (53)](https://blog.goosmannlaw.com/blog/topic/divorce-family-law) - [Risk Management (49)](https://blog.goosmannlaw.com/blog/topic/risk-management) - [Litigation News and Insights (42)](https://blog.goosmannlaw.com/blog/topic/litigation-news-and-insights) - [Construction News and Insights (40)](https://blog.goosmannlaw.com/blog/topic/construction-news-and-insights) - [Real Estate News and Insights (31)](https://blog.goosmannlaw.com/blog/topic/real-estate-news-and-insights) - [South Dakota (14)](https://blog.goosmannlaw.com/blog/topic/south-dakota) - [Cyber Law (9)](https://blog.goosmannlaw.com/blog/topic/cyber-law) - [Media Law and Technology & Science (5)](https://blog.goosmannlaw.com/blog/topic/media-law-and-technology-science) - [Communications Law (3)](https://blog.goosmannlaw.com/blog/topic/communications-law) - [LLC Program (1)](https://blog.goosmannlaw.com/blog/topic/llc-program) - [Sioux Falls Attorney (1)](https://blog.goosmannlaw.com/blog/topic/sioux-falls-attorney) DISCLAIMER: The information in this blog post (“post”) is provided for general informational purposes only, and may not reflect the current law in your jurisdiction. By visiting this website, blog, or post you understand that there is no attorney client relationship between you and the Goosmann Law Firm attorneys and website publisher. No information contained in this post should be construed as legal advice from Goosmann Law Firm, PLC, or the individual author, nor is it intended to be a substitute for legal counsel on any subject matter. No reader of this post should act or refrain from acting on the basis of any information included in, or accessible through, this Post without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from a lawyer licensed in the recipient’s state, country or other appropriate licensing jurisdiction. #### Let Us Know What You Thought about this Post. Put your Comment Below. [Previous Post](https://blog.goosmannlaw.com/blog/what-should-i-be-thinking-about-before-i-file-for-divorce) ##### [What Should I Be Thinking About BEFORE I File For Divorce?](https://blog.goosmannlaw.com/blog/what-should-i-be-thinking-about-before-i-file-for-divorce) [Next Post](https://blog.goosmannlaw.com/blog/fbi-and-goosmann-law-firm-team-together) ##### [FBI and Goosmann Law Firm Team Together](https://blog.goosmannlaw.com/blog/fbi-and-goosmann-law-firm-team-together) ### Contact Info **Sioux City Location** P. 712-226-4000 F. (712) 224-4517 **Sioux Falls Location** P. (605) 371-2000 F. (605) 275-2039 **Omaha Location** P. (402) 280-7648 F. (402) 505-3967 --- [Disclaimer](http://goosmannlaw.com/list-all-blogs/disclaimer/) | [Privacy Policy](http://goosmannlaw.com/privacy-policy/) ### Locations **Sioux City Location** 410 5th Street Sioux City, IA 51101 **Sioux Falls Location** 5010 S. Minnesota Avenue, Suite 100 Sioux Falls, SD 57108 **Omaha Location** Advent Building 17838 Burke Street, Suite 250 Omaha, NE 68118 ![Goosmann](https://blog.goosmannlaw.com/hs-fs/hubfs/Blog_Images/Lockbox%20Lawyer/goosmann-white.png?width=250&name=goosmann-white.png "Goosmann") Goosmann Law Firm is a FULL SERVICE LAW FIRM with locations in Sioux City, Iowa, Sioux Falls, South Dakota, and Omaha, Nebraska. Goosmann Law attorneys are licensed to practice in Iowa, Nebraska, South Dakota, and North Dakota. Their attorney team's practices and industries include but are not limited to Agribusiness and Cooperatives, Banking and Finance, Bankruptcy, Restructuring and Workouts, Business, Construction, Cyber Law and Telecommunications, Divorce and Family Law, Education, Employment, Environmental Health and Safety, Gestational Surrogacy and Adoption, Health Care, Litigation and Trial Law, Manufacturing, Mergers and Acquisitions, Municipal, Nonprofit and Tax Exempt Organizations, Real Estate, and Transportation, Tribal, Wills, Trusts, Estate Planning, and Probate Law. Goosmann © Copyright 2017