Should Your Company Have An Employee Stock Ownership Plan?

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Should Your Company Have An Employee Stock Ownership Plan?

By The BIDaWIZ Team on April 19th, 2013 at 6:32 pm

Every small business owner will eventually need to think about a succession plan if they don't try to sell their company outright. Recently, a bi-partisan supported bill was introduced to encourage awarding employees partial ownership in your business over time with employee stock ownership plans (ESOPs). The bill specifically intends to remove the barriers for S Corporations to establish ESOPs as well as provides S Corps with similar tax incentives to those offered to C Corporations. Small-business owners who are heavily invested in their companies may want to consider this option. .

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