EP22 - How does a joint venture affect 409(p) with Cass Hollis - ESOP attorney from Bryan Cave Leighton and Paisner out of Atlanta GA

This episode explores the general requirements of Section 409(p) as they relate to S-Corporation Employee Stock Ownership Plans (ESOPs). The conversation examines the nuances of the anti-abuse test and how other ownership interests or equity arrangements may affect compliance. Cass Hollis brings significant wisdom and experience to the discussion, helping business owners understand what to watch for when planning or operating an S-Corporation ESOP.

Cass also shares practical considerations and potential solutions for addressing Section 409(p) issues. As part of ESOP Planning, understanding these rules can help owners evaluate the Benefits of an ESOP and the Advantages of an ESOP while reducing potential compliance risks. ESOP Advisory and professional ESOP Advisory Services can help companies identify concerns, coordinate with their advisors, and prepare for a more successful ownership transition.