Accounting Services

What is an ESOP

An ESOP or Employee Stock Ownership Plan is a qualified Defined Benefit Pension Plan with two important characteristics:

1. An ESOP invests exclusively in the stock of its sponsoring company

2. An ESOP can borrow money to facilitate its investment in the company stock.

Emerson Rickstrew CPA has been providing ESOP trustee services for many years and can help you to plan your ESOP for your company.

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ESOP Articles and News

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Who Might Benefit from an ESOP

Many businesses will benefit from an ESOP created by Emerson Rickstrew. Your business may qualify if you are

- A successful, privately owned “C” or “S” corporation with debt capacity.

- A company large enough that the tax savings of the ESOP clearly justify the costs incurred to implement and maintain the ESOP.

- A company with adequate payroll to create deductibility of the ESOP contribution - generally at least $1,000,000 in nonowner, non-family member payroll.

- A company with strong successor management in place.

If your business fits these characteristics and you think an ESOP may be right for you, call Emerson today at (806) 683-4324

Special Planning

We have experience in special planning concepts including the following:

Defined Benefit Plans
Defined Contribution Plans
Employee Stock Ownership Plans
Family Limited Partnerships
Development and marketing of special planning concepts

Accessing The Best

We have developed a network of other CPAs, attorneys, financial planners and other specialists to access the knowledge and experience to provide the very best for each and every client or project.

Tax and Accounting Services

Individuals
Partnerships
Corporations
Limited Liability Companies
Estate and Gift Taxes
Trusts
Compiled and reviewed financial statements

Services available to:

All small businesses
Car dealerships
Physicians
Farmers and Ranchers
Investment entities
Individual Taxpayers
Manufacturing firms
Retail and wholesale businesses

Emerson Rickstrew C.P.A.