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ESOP: The Ultimate Instrument in Succession Planning, 2nd Edition
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ESOP: The Ultimate Instrument in Succession Planning, 2nd Edition Hardcover - 2001 - 2nd Edition

by Frisch, Robert A

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Details

  • Title ESOP: The Ultimate Instrument in Succession Planning, 2nd Edition
  • Author Frisch, Robert A
  • Binding Hardcover
  • Edition number 2nd
  • Edition 2
  • Condition Used - Good
  • Pages 353
  • Volumes 1
  • Language ENG
  • Publisher John Wiley & Sons, New York
  • Date September 28, 2001
  • Illustrated Yes
  • Bookseller's Inventory # 0471434442.G
  • ISBN 9780471434443 / 0471434442
  • Weight 1.9 lbs (0.86 kg)
  • Dimensions 10.34 x 7.44 x 1.08 in (26.26 x 18.90 x 2.74 cm)
  • Library of Congress subjects Employee ownership - United States
  • Library of Congress Catalog Number 2001026303
  • Dewey Decimal Code 658.152

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Summary

What if there were a way an owner of a private company could: Sell stock of the company, pay no tax on the proceeds, and still keep control? Increase the company's working capital and cash flow with no cash expenditure? Provide employees with equity at no cash outlay on anyone's part? Make life insurance premiums tax deductible? Increase productivity, profitability, and company value with no cash outlay? Allow the corporation to operate in a totally tax-free environment? An ESOP-- Employee Stock Ownership Plan-- does all that and it does it with the sanction and encouragement of the United States Congress. ESOP: The Ultimate Instrument in Succession Planning, Second Edition is a comprehensive yet easy-to-understand guide emphasizing the corporate financial benefits that an employee stock ownership plan can offer as a business financing instrument. Written by noted expert Robert Frisch and updated to include the latest developments, this book explains in clear language ESOPs work and how owners of private corporations can use them as versatile financial tools to achieve their succession planning objectives.

First line

ESOPs can become the industrial equivalent to the Homestead Act, which was instrumental in giving this nation an identity as homeowners.

About the author

ROBERT A. FRISCH is Chairman/CEO of The ESOT Group, Inc., headquartered nationally in Los Angeles. The firm specializes in the implementation and continued management of Employee Stock Ownership Plans and has implemented hundreds of ESOPs throughout the country. Frisch consults extensively with owners of closely-held companies on perpetuating the family business and with public and private companies on management buyouts.