{"id":3784,"date":"2019-02-15T15:05:38","date_gmt":"2019-02-15T20:05:38","guid":{"rendered":"https:\/\/www.stevenslee.com\/sesesop\/?p=3784"},"modified":"2026-08-04T15:57:16","modified_gmt":"2026-08-04T19:57:16","slug":"esop-attorney-how-to-hire-one-and-why-it-matters","status":"publish","type":"post","link":"https:\/\/www.stevenslee.com\/sesesop\/articles\/esop-attorney-how-to-hire-one-and-why-it-matters\/","title":{"rendered":"ESOP Attorney \u2014 How to Hire One and Why It Matters"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Employee stock ownership plans (ESOPs) provide flexible and efficient mechanisms for addressing the succession and estate planning challenges of business owners, building employee engagement and creating real economic value in companies and communities. However, business owners who wish to explore the formation of an ESOP for their companies are immediately confronted with their first challenge: Finding expert and independent advice. This is particularly the case in the area of ESOP formations, because of the highly specialized legal expertise required to ensure tax and ERISA code compliance.<\/p>\n<p class=\"wp-block-paragraph\">Hiring an ESOP attorney is, therefore, a logical first step.<\/p>\n<p class=\"wp-block-paragraph\">Business owners should bear in mind that whichever expert you turn to first in your quest to decide if an ESOP is right for your company, it has been our experience that there will likely follow a cascading effect from that advisor\u2019s selection \u2013 specifically, in terms of the appointment of the other transaction advisors \u2013 that will have important and potentially far-reaching consequences for the ESOP\u2019s viability. Therefore, we urge you to read this article to gain an understanding of these implications before selecting your advisor.<\/p>\n<p class=\"wp-block-paragraph\">Read the full article by our friends at Alpha Architect\u00a0<a href=\"https:\/\/alphaarchitect.com\/2017\/12\/12\/how-to-hire-an-esop-attorney\/\" target=\"_blank\" rel=\"noopener noreferrer\">here.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Employee stock ownership plans (ESOPs) provide flexible and efficient mechanisms<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":46,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[19],"tags":[],"class_list":["post-3784","post","type-post","status-publish","format-standard","hentry","category-articles"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - 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