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Senators Introduce Bill to Expand S-Corp ESOPs
Butterfield Schechter LLP 
Mar. 20, 2019 "Senate Bill 177 [would] expand the creation of S Corporation ESOPs.... The Senate bill also claims to provide protection for small businesses by ensuring they are able to qualify for Small Business Administration (SBA) loans, contracting assistance, or business development programs after they transition to ownership to an ESOP. It also allows businesses that qualify for minority-owned, woman-owned, or veteran-owned programs to maintain their status after the ESOP acquires the shares." MORE >> |
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