S Corporation ESOPs, 3rd Ed.

An employee stock ownership plan (ESOP) is a powerful tool that can greatly benefit both employees and their employer. When an ESOP owns an S corporation, it is partially or wholly exempt from federal income taxation (and possibly state taxation, depending on the state), making it an even more powerful tool in many cases. With the tax-planning possibilities offered by the S corporation ESOP structure, many companies are investigating ESOPs and S corporate status. But there are many issues to deal with along the way, ranging from valuation issues to matters that arise when making the S corporation election (if the company is not already an S corporation) to dealing with the unavailability of the tax-deferred ESOP "rollover" for S corporation owners. Most importantly, however, it is imperative for any company considering or maintaining an S corporation ESOP to test its compliance with the strict anti-abuse rules for S corporation ESOPs.

This book deals with all these issues and more in a clear and understandable style. The chapters, all written by recognized experts in the field, first explain how ESOPs work and then zero in on the issues you will face when evaluating, implementing, and administering an S corporation ESOP. Going beyond that, the final chapter explores how an ESOP company can become more productive while being a better place to work.