Esop: The Ultimate Instrument in Succession Planning - Hardcover

Frisch, Robert A.

Hardcover

ISBN 10: 0471434442 ISBN 13: 9780471434443

Publisher: John Wiley & Sons, 2001

Synopsis

What if there were a way an owner of a private company could:
∗ Sell stock of the company, pay no tax on the proceeds, and still keep control?
∗ Increase the company′s working capital and cash flow with no cash expenditure?
∗ Provide employees with equity at no cash outlay on anyone′s part?
∗ Make life insurance premiums tax deductible?
∗ Increase productivity, profitability, and company value with no cash outlay?
∗ Allow the corporation to operate in a totally tax–free environment?
An ESOP–– Employee Stock Ownership Plan–– does all that and it does it with the sanction and encouragement of the United States Congress.

ESOP: The Ultimate Instrument in Succession Planning, Second Edition is a comprehensive yet easy–to–understand guide emphasizing the corporate financial benefits that an employee stock ownership plan can offer as a business financing instrument. Written by noted expert Robert Frisch and updated to include the latest developments, this book explains in clear language ESOPs work and how owners of private corporations can use them as versatile financial tools to achieve their succession planning objectives.

About this title

Synopsis

An ESOP (Employee Stock Ownership Plan) is a defined-contribution plan that is a stock bonus plan or a combination of a stock bonus plan and money-purchase plan designed to invest primarily in qualifying employer securities. This reference provides comprehensive coverage on how ESOPs work and how to use them as versatile financial tools to assist owners of private corporations achieve their succession planning objectives. The book explains how the ESOP can maximize the value to owners of private corporations, how the ESOP can be a windfall for employees, and how it will perpetuate the organization and keep it in the community.

About the Author

ROBERT A. FRISCH is Chairman/CEO of The ESOT Group, Inc., headquartered nationally in Los Angeles. The firm specializes in the implementation and continued management of Employee Stock Ownership Plans and has implemented hundreds of ESOPs throughout the country. Frisch consults extensively with owners of closely–held companies on perpetuating the family business and with public and private companies on management buyouts.

About this edition

• Publisher: John Wiley & Sons
• Publication date: 2001
• ISBN 10: 0471434442
• ISBN 13: 9780471434443
• Binding: Hardcover
• Edition number: 2
• Number of pages: 384