Consider the ESOP

In business succession and estate planning involving a closely held business, employee stock ownership plans (ESOPs) should be one of the prime planning alternatives considered. Unfortunately, they rarely are. That's probably because ESOPs are very complicated. The tax-oriented inducements incorporated into the law are tantalizing. But, to ensure that they're not abused, they're designed to be finite

Louis H. Diamond is the managing member of Diamond ESOP Advisors PLLC in Washington

In business succession and estate planning involving a closely held business, employee stock ownership plans (ESOPs) should be one of the prime planning alternatives considered.

Unfortunately, they rarely are.

That's probably because ESOPs are very complicated. The tax-oriented inducements incorporated into the law are tantalizing. But, to ensure that they're not abuse

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