An ESOP (Employee Stock Ownership Plan) can be used to help employers in their succession planning. This program allows the employer to make contributions in the form of company stock to the plan and allocate it to each employee and can be utilized by both C and S corporations. This is an excellent method to shelter profits and dividends from immediate taxation. These programs can also incorporate 401(k) plans and are commonly known as a KSOP (401(k) Stock Ownership Plan).

These programs require specialized knowledge of the rules & regulations that pertain specifically to these plans. Let our trained staff readily administer these programs and assist you throughout the year.