LLC ESOPs? The Facts, Risks, and Possibilities
from Owners at Work Hosted by Ohio Employee Ownership Center
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 Linkedin: https://www.linkedin.com/in/mike-sorice-law Phone: 614.223.9336 Email: [email protected] WE WANT TO HEAR FROM YOU: We are always looking for new employee ownership stories to tell. Please contact us with your story at [email protected]
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