Guest tlemaster Posted September 23, 2003 Posted September 23, 2003 An ESOP is established with the intent to be a leverage esop, but the loan is never obtained. It is now the Plan Sponsor's intent to purchase shares of stock from a terminated employee. Two years has passed and no stock has been purchased for this plan. How long can this plan be in existence without stock in the plan?
Recommended Posts
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 accountSign in
Already have an account? Sign in here.
Sign In Now