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ESOP Services

An Employee Stock Ownership Plan (ESOP) is a special type of qualified retirement plan, which is similar in some ways to a profit-sharing plan. However, a very important difference between an ESOP and other types of qualified retirement plans, is that an ESOP can invest primarily in the sponsoring corporation’s capital stock. The many unique aspects of an ESOP provide additional benefits over other types of qualified retirement plans.

ESOPs work well to facilitate and accomplish diverse and valuable business strategies that can benefit not only the corporation itself, but also its equity ownership groups, management and employees. An ESOP can be utilized as a tool to address many challenging business goals, including:

  • Tax-favorable equity owner transition
  • Effective and efficient business succession
  • Creation of employee wealth and retirement security
  • Expansion of equity ownership to employees, establishing the mindset of “employee owners”
  • Alignment of corporate and employee goals to accomplish together objectives that neither could achieve alone

Grossman Yanak & Ford LLP has extensive experience in the development and implementation of ESOP-based business strategies to accomplish all of the goals noted above…and more! Click here to read more about our expertise.

Examples of services GYF provides to ESOP-owned companies:

The following publications provide additional information about ESOPs:

  • How Do ESOPs Work?” – information from the ESOP Association, a national organization that educates and advocates for employee ownership