In a competitive workplace, companies are constantly seeking ways to enhance employee engagement and drive performance. One effective strategy that has emerged is the Employee Stock Ownership Plan (ESOP). By giving employees a stake in the company, ESOPs can lead to increased motivation and productivity. This post explores how to start an ESOP, how it operates, its pros and cons, and identifies businesses that could benefit from such a plan.

Creating a trust is a pivotal step in estate planning. It allows individuals to manage their assets effectively and ensure their wishes are respected after they pass away. However, simply establishing a trust isn't enough. It must be funded properly to work as intended. This guide will walk you through the types of trusts available, the essential documents you need, and the steps for transferring various assets into your trust.