djoffe
Jul 23 2009, 02:34 PM
Any reason a wholly owned ESOP must own 100% of its subsidiary? or be in the same controlled group as the subsidiary?
Sieve
Jul 24 2009, 03:23 PM
An ESOP owning 100% of the ESOP's sponsoring employer need not own any portion of other entities owned by the sponsor. Don't know, though, whether that's what you asked (since I don't know what you meean by a "wholly owned ESOP").