Hi all:
After one year with my company, I became eligible for ESOP and profit sharing. I am concerned that if I begin to participate, this might create a (minimal) ownership interest? Though, I think my participation in these benefits would not rise to me exercising a controlling share over the company, and certainly not on my own employment at-will. I know on the form I-129 there is a question about “Does any beneficiary in this petition have ownership interest in the petitioning organization?” and would like to avoid complications on this in the future.
Any thoughts?
After one year with my company, I became eligible for ESOP and profit sharing. I am concerned that if I begin to participate, this might create a (minimal) ownership interest? Though, I think my participation in these benefits would not rise to me exercising a controlling share over the company, and certainly not on my own employment at-will. I know on the form I-129 there is a question about “Does any beneficiary in this petition have ownership interest in the petitioning organization?” and would like to avoid complications on this in the future.
Any thoughts?