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Consider the ESOP

In business succession and estate planning involving a closely held business, employee stock ownership plans (ESOPs) should be one of the prime planning alternatives considered. Unfortunately, they rarely are. That's probably because ESOPs are very complicated. The tax-oriented inducements incorporated into the law are tantalizing. But, to ensure that they're not abused, they're designed to be finite
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Louis H. Diamond is the managing member of Diamond ESOP Advisors PLLC in Washington

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