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Suggest who benefitsEP22 - 100 foot Journey - an S-Corp with a side of 1042
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Suggest questionThis episode reviews the current benefits of being S corporation ESOP and updates everyone on senate bill 1300 that could provide a new opportunity for a company to remain in S Corporation but also have the selling shareholders defer capital gains tax using the 1042 election.
About Journey to an ESOP & Beyond
ESOPs are gaining traction. In the "Journey to an ESOP & Beyond” podcast, Phillip Hayes explains the process of the ESOP transaction and addresses ESOPs from a business owner’s perspective. The "ESOP Guy" illuminates the simplicity of ESOPs as he debunks common misconceptions that ESOPs are immensely costly and complicated.