An ESOP is an employee retirement plan which has been specifically established to hold shares of the sponsoring company as an investment asset for the retirement of participating employees.
The Department of Labor requires that the assets in the plan be valued annually. When the sponsoring company of the ESOPis a privately-held company, with no established trading market for its shares, it is necessary to have a business valuation performed in order to determine the fair market value of the company shares.
Hempstead & Co. has been providing ESOP valuations for many years, and is familiar with the special valuation issues that they entail.
