Employee Stock Ownership Plans
Danziger & Markhoff LLP's employee stock ownership plan (ESOP) team is highly versed and experienced in the complexities of ESOPs, both leveraged and non-leveraged, and is able to apply the intricate ESOP rules to our clients' maximum benefit. Through our extensive knowledge of qualified plans and ESOPs, we provide creative and effective solutions to business owners of privately held companies interested in selling part or all of their businesses, as well as to business owners dealing with issues of business succession.
Our firm's ESOP group draws on a wide range of resources to address the various issues that arise in the course of an ESOP transaction. In addition to our attorneys' and actuaries' expertise in the pension and ERISA area, members of our ESOP team have broad experience in corporate finance, lending, tax, and trusts & estates, all of which potentially impact ESOP transactions.
Serving as Special ESOP Counsel
For clients who wish to establish an ESOP, we:
Serving as Trustee's Counsel
We also frequently represent ESOP trustees in an ESOP transaction and advise them regarding their fiduciary responsibilities under ERISA and their trust agreements. As such we:
Our firm's Plan Administrators have particular expertise with the administration of ESOPs. As a result, we provide recordkeeping and third party administration (TPA) services both for ESOPs established by our attorneys and for ESOPs established by others. read more...