An Introduction to ESOPs, 20th Ed: How an employee stock ownership plan (ESOP) can benefit your company, its owners, and its employees

This audiobook is narrated by a digital voice.

An employee stock ownership plan (ESOP) is a tax-favored employee benefit plan through which employees can become owners in their companies at no cost to themselves, at the same time that the company and its owners receive major tax benefits. ESOPs are most often used to buy out the owner(s) of a closely held business with tax-deductible corporate earnings, which can be done all at once or gradually, allowing shareholders to ease out of the busi...