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ESOPs: the Handbook of Employee Stock Ownership Plans.

ESOPs: The Handbook of Employee Stock Ownership Plans, edited by Gerald Kalish, Probus Publishing Company, 118 North Clinton Street, Chicago, Illinois 60606, 1989, 332 pp.

This is a collection of essays by recognized experts on the most important aspects of ESOPs, which have been growing in popularity in recent years. The first chapter provides a good overview of the requirements to establish one, as defined in the Internal Revenue Code and Employee Retirement Income Security Act. Valuation considerations are given extensive coverage regarding required appraisal of securities that are not publicly traded. Lending and other financial transactions between ESOPs and sponsoring companies are examined in addition to tax issues and accounting and administrative requirements. Accountants and other professionals will find this material a good introduction to the subject.
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Copyright 1990, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Author:Fogg, Stephen L.
Publication:Journal of Accountancy
Article Type:Book Review
Date:Mar 1, 1990
Words:128
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