ESOP (Employee Stock Ownership Plan or Employee Share Ownership Plan) is a term most commonly used in the USA, but sometimes used in the UK, to describe the ownership of company shares by or on behald of its employees. It can mean either an employee share scheme, under which employees hold share or options personally, or an employee benefit trust which holds shares on behalf or employees as a group.
In the UK we normally use similar but slightly different terms – look at these pages for the UK equivalent and to see how we may be able to help you.
Employee Share Schemes – this page outlines both tax advantaged (HMRC approved), tax efficient, schemes and non-tax advantaged or unapproved schemes.
To explore how employee ownership could work for your company, call me on 020 3818 9420.