eilano
May 22 2006, 01:38 PM
A company has three shareholders - a majority partner, a minority partner and the ESOP. Can the minority partner purchase shares from the ESOP? I assume the answer is no because of the prohibited transaction rules. Would the minority partner have any other options of acquiring shares from the ESOP?
Kirk Maldonado
May 24 2006, 05:11 PM
Have you looked at ERISA section 408(e)?