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An employee stock ownership plan (ESOP) is a tax-advantaged way to sell a business to the employees of a company. An ESOP allows the employees of a company to be the beneficial (not legal) owners of a company’s equity.
An ESOP is a qualified retirement plan sponsored by a company, but unlike a 401K, an ESOP must invest primarily in the stock of the company sponsor and an ESOP may borrow money to finance the purchase of company stock.
In a Texas divorce, community property is divided between the two spouses, but separate property is retained by the spouse who owns it.
In a Texas divorce, identifying and dividing community property is one of the first steps in the process. Identifying marital property is often accomplished through the legal process of discovery.
If you are going through a divorce, the division of property may be one of the most important concerns, second only to matters pertaining to children from the marriage.
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