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Analyzing the Tax Benefits of an ESOP
Episode 4231st January 2024 • Advance Your Wealth With Homer Smith • Homer Smith
00:00:00 00:19:02

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Many business owners are always looking to motivate their employees, generate better results and save themselves some taxes. On a prior episode, we discussed a retirement plan and succession tool called an employee stock ownership plan, or ESOP.

In today's discussion, we're diving deep into the tax considerations for business owners when utilizing an ESOP, and what you should be thinking about before initiating a program like this.


0:00 - Introduction and overview on the topic of the day

1:50 - How an ESOP works and who it works best for

3:52 - Why an ESOP would be beneficial for a business from a tax perspective

6:47 - How an ESOP can benefit the business owner from a tax perspective

8:52 - A story covering a client that leveraged an ESOP for his business

12:58 - How to get in touch with Homer and his team

16:15 - Closing remarks

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