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An ESOP is a type of profit
sharing plan that is required to invest primarily in the employer's
stock. Although the rules surrounding an ESOP are unique and
differ from those which apply to a regular profit sharing
plan, the general principals are the same.
As the name implies, employees have some
ownership in the employer. As owners, employees may be more
motivated to improve corporate performance because they can
benefit directly from company profitability.
Contact us to discuss how an
Employee Stock Ownership Plan may benefit your company.
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