ESOPs benefit agencies, employees. (employee stock ownership plans): An article from: National Underwriter Property & Casualty-Risk & Benefits Management

This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on January 18, 1993. The length of the article is 1043 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Employee stock ownership plans (ESOP) can be of value to independent insurance agencies due to their special tax advantages. The Tax Reform Act of 1986 allows closely held, or 'C' corporations, a 1042 rollover for a retiring principal that defers capital gains taxes. ESOP contributions qualify as a compensation expense and a benefit to agency employees, thereby providing a tax deduction. The law also permits ESOPs to use pretax dollars under certain circumstances to refinance old debt or finance new debt. Regulations covering employee rights are not burdensome.

Citation Details
Title: ESOPs benefit agencies, employees. (employee stock ownership plans)
Author: Charles E. Coyne
Publication:National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: January 18, 1993
Publisher: The National Underwriter Company
Issue: n3 Page: p27(2)

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