Latest News Tagged With “ESOPs”

The Sub S Bank Report Volume 18, Issue 2

Jul 06, 2015

The Latest Edition of The Sub S Bank Report is Now Available for Registered Members Learn More About: The Capital Access for Small Business Banks Act, H.R. 2789 Shareholder Succession Planning Part 1: ESOPS as a Tool for Shareholder Succession Planning & Employee Engagement Regional Sub S Meetings Recap Legislation to Watch Important Dates To read it log in with your membership information. If you need assistance resetting your log in information or did not receive the email copy to your inbox email Amy Trevino at atrevino@kslawllp.com.   Read more

ESOP Bill Introduced in Congress

May 04, 2015

U.S. Representatives Dave Reichert (R-Washington) and Ron Kind (D-Wisconsin) introduced a bill to encourage the creation of S Corporation Employee Stock Ownership Plans (S ESOPs). The Promotion and Expansion of Private Employee Ownership Act of 2015 (H.R. 2096) includes provisions to encourage owners of S Corporations to sell their stock to an ESOP, expand financing opportunities for S Corporation ESOPs, provide technical assistance for companies that may be interested in forming an S Corporation ESOP, and ensure that small businesses that become ESOPs retain their Small Business Association certification.  Read more