What are the tax advantages of an ESOP?
ESOPS are appealing to businesses because they provide tax advantages. The business owner who is selling shares can defer capital gains taxes. The employees who participate are not taxed on the shares allocated to their accounts until they receive distribution. And the company making annual debt service payments on the ESOP loan is allowed to deduct both principal and interest. Return to Top What is a continuing care retirement community? Continuing care retirement communities (CCRC) provide an independent yet nurturing living environment for seniors. As seniors age, these communities provide higher levels of care and support services. CCRCs have three components: independent living apartments and cottages for those who require little, if any, assistance; assisted living, for residents who need some help with the normal activities of daily living such as eating and bathing; and, around-the-clock skilled nursing care should residents need this level of support. Return to Top What is a l
