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| ESOP Owns Company with Subsidiary-- How to Convert to Brother-Sister Companies? BenefitsLink Message Boards  Sept. 23, 2021 "We have a parent who is owned by an ESOP. The parent owns Company A, and Company A owns Company B. We were told that we had to have this structure because of the ESOP. We would like to change the structure so that the parent owns Company A and Company B (making A and B sister companies). I don't see any problem with doing this, but I am concerned with messing up something in the ESOP based on the previous advice. Is there anything preventing us from making the change?" |
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