Jump to content

Multiple S-Corp's new ESOP


Guest Bob Lees

Recommended Posts

Guest Bob Lees

We have a client with multiple S-Corps. Is it possible for him to setup an ESOP for only a couple of his S-Corps and have no ESOP for the others?

Link to comment
Share on other sites

Maybe....IRC section 414(B) requires that all members of a "controlled group" of corporations be taken into account in determining whether an ESOP (or other retirement plan) meets the section 410(B) nondiscriminatory coverage requirement. So it depends on how many (and which) employees of the "controlled group" would be covered under the ESOP and how many (and which) would be excluded.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...