Welcome to the first ESOP Report of 2022. Each month the ESOP Report is sent to TEA Members to keep them apprised of the latest topics, trends, news, and events in our community.
The ESOP Association
ESOP Association Resources
Jun. 06
After a concerted effort, Congress and the Administration are persuaded to improve the 1996 Subchapter S ESOP Law, and beginning in 1998 it becomes allowable for Subchapter S Corporations to sponsor an ESOP. Previously, S-corporations could not sponsor ESOPs because qualified retirement plans could not own stock in the sponsoring company.