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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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