ESOPs are complicated — but they don’t have to be. We can help.
An employee stock ownership plan (ESOP) is a popular method of compensating and motivating employees, providing creative tools for succession and estate planning, and raising working capital. However, between regulatory issues, cascading tax changes, and the inherent complexity of this ownership structure, ESOPs face stricter guidance and more scrutiny from regulatory bodies such as the Internal Revenue Service (IRS) and Department of Labor (DOL) than ever before.
Given the opportunities and challenges that come with ESOPs, it’s critical to work with experts versed in audit, taxation, consulting, and valuation services specific to this ownership structure. Access to the right resources can mean the difference between awareness and advantage.