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A California based company on a mission to grow the wealth of everyday Americans. Zolidar is the easy button for employee ownership.

👋 Meet Zolid AI

Here to support your company's exit journey — Zolid AI can answer questions and provide insights. Free for now, with fair usage limits.

Your conversations are not shared with others. We may review them to improve Zolid AI.

Ask me anything

Zolid AI may provide inaccurate info, so verify responses.

Definition of LLC ESOP on The Grid Glossary

LLC ESOP

Also known as: Limited Liability Company Employee Stock Ownership Plan

Published on 2024-06-05 | Last edited on 2024-09-16

Definition

An ESOP that is formed from a sponsoring company organized as an LLC through a workaround (since LLC's cannot own stock)