Court Gives ESOP Sponsor Latitude When Stock Value Tanked
Employee Stock Ownership Plans (ESOPs) were created as a way for employers to turn employees into mini-partners in the business. Some small business owners look to ESOPs to be financing mechanisms that facilitate succession planning, with the idea of eventually selling the business to the ESOP trust (thanks to tax incentives). But what happens when the value of the company’s stock hits the skids? If you’re interested in learning more about ESOPs, finish reading the full article here.