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ESOP Implementation
Process
Step 1: Investigation
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Determine employee
interest.
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Contact
a portfolio manager.
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Review the
boilerplate
documents.
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A presentation to
employees by your portfolio manager is available.
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Consult your
professional advisors.
Step 2: Implementation
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Work with ministry
staff to register your ESOP plan. We will provide
sample plans
and concrete examples of successful ESOP terms, and guide you
through the process.
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Review the ESOP Plan
with your professional advisors.
Step 3: Share Offering
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Prepare the
Share Offering Document to offer
shares to employees.
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Receive the purchase
funds (cash and/or payroll deductions) and issue shares when
payments are complete.
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Distribute investment
confirmations to the employee investors.
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Place shares in escrow
(3-year hold period).
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Complete and deliver
the
Tax Credit
Application,
Control Sheet,
and original share certificates to the ministry.
Step 4: Annual Reporting
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Prepare and deliver
financial statements to the employee shareholders.
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Complete the
Annual Return
and forward to the ministry.
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Hold an annual
shareholder meeting and distribute a report to shareholders.
[ESOP
Plan Registration]
[Contact Us]
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