Zachary Wertheimer, Author of “Can ESOPs Take Outside Debt to Fund the Repurchase Obligation?” Published by Bloomberg Tax

Zachary Wertheimer has authored “Can ESOPs Take Outside Debt to Fund the Repurchase Obligation?” published by Bloomberg Tax on May 29.

The repurchase obligation remains one of the most persistent and legally complex challenges confronting mature employee stock ownership plans, or ESOPs, sponsored by companies whose stock is not readily tradable on an established securities market. As participants retire, terminate employment, or otherwise become entitled to distributions, the sponsoring employer must ensure the availability of liquidity sufficient to repurchase employer securities and distribute such benefits in cash.

To view the full article as published by Bloomberg Tax, click here.