Most business owners are vaguely aware that Employee Stock Ownership Plans (ESOP’s) can provide substantial tax advantages when they approach retirement, but they don’t have a clear idea of how ESOP’s work, nor do they realize how ESOP companies typically…

Introduction Last month, we examined the selection of which entity to choose from based on the perspective of the proprietor through the lens of the Limited Liability Company.  To recap last month’s conclusion: “Limited Liability Companies are becoming more popular. …

Employee Stock Ownership Plans (ESOP) have been around for 35 years, and many well known, national companies have them, but many misconceptions still exist, such as: (1) Employees will directly own the company’s stock [FALSE], or (2) Employees will directly…

Introduction For the closely-held business, choosing a business entity under which to operate used to be easy. The proprietor usually operated as a sole proprietorship, a partnership, or as an S Corporation.  There were clear advantages and disadvantages to each…

Effective June 1st, Legacy Advisors has relocated our Florida offices.  Our market area hasn’t changed: We still serve all of W Central Florida, and occasionally serve clients in other parts of Florida, and even out-of-state clients, but our office address…