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 [...]
Similar Stories to Advice From The Field: Consider An Esop Stock Plan For A Small Business on Bing News
Times Herald-Record
Sun, 06/26/2016 - 3:43pm
Sections: u.s.
Topics: New York Orange County, NY Middletown
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