To use an ESOP successfully, a company should have pre-tax profits of at least $100,000 and a payroll exceeding $500,000 a year.

Name: To use an ESOP successfully, a company should have pre-tax profits of at least $100,000 and a payroll exceeding $500,000 a year.
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An ESOP is a qualified retirement plan that allows employees to own stock in the company they work for. To be eligible for an ESOP, a company must have pre-tax profits of at least $100,000 and a payroll exceeding $500,000 a year.

To Use an ESOP Successfully, a Company Should Have Pre-Tax