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LLC ESOPs? The Facts, Risks, and Possibilities

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Manage episode 340678319 series 2630259
Content provided by Ohio Employee Ownership Center and Ohio Employee Ownership Center. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ohio Employee Ownership Center and Ohio Employee Ownership Center or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

It is common understanding that only C-corporations and S-corporations can sponsor Employee Stock Ownership Plans (ESOPs). But is this indeed the case? In this episode we speak with Mike Sorice about how LLCs can indeed sponsor an ESOP and the reasons why some have chosen this option. We talk about the differences between LLCs and other types of corporations, how LLCs can be structured to sponsor an ESOP, as well as the risks associated with doing so.

SUPPORT THE SHOW: We make all episodes of Owners at Work free and never place them behind a paywall. But, they take time and money to produce. Consider making a DONATION today to help keep our work going.

GUEST INFO :

Mike Sorice

WE WANT TO HEAR FROM YOU: We are always looking for new employee ownership stories to tell. Please contact us with your story at oeoc@kent.edu

  continue reading

50 episodes

Artwork
iconShare
 
Manage episode 340678319 series 2630259
Content provided by Ohio Employee Ownership Center and Ohio Employee Ownership Center. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ohio Employee Ownership Center and Ohio Employee Ownership Center or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

It is common understanding that only C-corporations and S-corporations can sponsor Employee Stock Ownership Plans (ESOPs). But is this indeed the case? In this episode we speak with Mike Sorice about how LLCs can indeed sponsor an ESOP and the reasons why some have chosen this option. We talk about the differences between LLCs and other types of corporations, how LLCs can be structured to sponsor an ESOP, as well as the risks associated with doing so.

SUPPORT THE SHOW: We make all episodes of Owners at Work free and never place them behind a paywall. But, they take time and money to produce. Consider making a DONATION today to help keep our work going.

GUEST INFO :

Mike Sorice

WE WANT TO HEAR FROM YOU: We are always looking for new employee ownership stories to tell. Please contact us with your story at oeoc@kent.edu

  continue reading

50 episodes

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