If you own or have the inclination to own a small business, take time to become familiar with ESOP basics.An ESOP is a profit-sharing stock bonus plan usually set up by the owners of a closely held business.It spreads some or all ownership to employees of that business. It is also a tax-deductible contribution and tax-deferred retirement plan.Shares are transferred to employees following legal rules, such as minimum hours worked, and value is disbursed years [...]