Where can I find a comprehensive reference on EOSPs?

[Guest Paul Ferguson]

Can anyone please direct me to a comprehensive reference for understanding

ESOP's?

I have a client who desires to sell his interest (24%) of a closely held

business, controlled by his parents. A fourth shareholder, my client's

sister-in-law, also desires to sell her interest (also 24%). The parents

(52% shareholders) have proposed a leveraged ESOP to allow both kids to

sell their shares and exit the business (neither one has been currently

employed with the business for at least two years).

I am aware there are significant tax advantages to the seller of stock, but

I am most concerned with ensuring my client doesn't unwittingly place

himself in a difficult situation. There are significant trust concerns

between all family members.

Thank you in advance for your help.

[RLL]

Check with The ESOP Association at http://www.esopassociation.org and the National Center for Employee Ownership at http://www.nceo.org .

[david rigby]

This might also be useful. http://www.benefitslink.com/qa_columns/eso...sop/index.shtml