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Convergence of Global Sustainability Standards Reinforces Importance of ESG Initiatives
Read MoreThe first advantage of creating an ESOP is that it allows business owners to individually tap into cash, or, at least a more liquid investment position, without having to give up ultimate control of their business. A second advantage of an ESOP is that it also allows a business to reduce its federal income tax liability at any given level of profitability while still offering a valuable employee benefit to its workers, thereby increasing employee morale.
Contact UHY Corporate Finance to learn more about how ESOPs work, how to structure your ESOP, and if an ESOP is a right fit for your business. ESOPs also provide a number of significant federal income tax benefits to an employer, an employer’s shareholders and its employees, that our tax group can assist you with.
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