A Solution for Closely Held Banks
Jeff For Banks
JANUARY 28, 2016
This month, Old Fort Banking Company in Tiffin, Ohio gave us an answer. The ESOP is funded with tax-deductible contributions by the employer in the form of company stock, or in the case of the Old Fort ESOP, with cash that was used to purchase company stock. Their may be tax benefits to the selling shareholder. Krumsee herself.
Let's personalize your content