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What does ESBT stand for?

ESBT stands for Electing Small Business Trusts

This definition appears very rarely and is found in the following Acronym Finder categories:

  • Military and Government
  • Business, finance, etc.

See other definitions of ESBT

Other Resources:
We have 2 other meanings of ESBT in our Acronym Attic

Samples in periodicals archive:

TRUSTS COMMONLY USED TO HOLD S CORPORATION STOCK [ILLUSTRATION OMITTED] Three commonly used types of ongoing trusts qualify as S corporation shareholders: grantor trusts, qualified subchapter S trusts (QSSTs) and electing small business trusts (ESBTs).
In particular, the proposed regulations provide guidance on S corporation family shareholder rules, the definitions of "powers of appointment" and "potential current beneficiaries" (PCBs) with regard to electing small business trusts (ESBTs), and the allowance of suspended losses to the spouse (or former spouse) of an S corporation shareholder.
2003-43 also applies to late-filing requests for qualified subchapter S subsidiaries (QSubs), electing small business trusts (ESBTs) and qualified Subchapter S trusts (QSSTs).
The pending bill eliminates a major concern regarding the use of electing small business trusts (ESBTs) for succession planning in family-owned S corporations by disregarding unexercised powers of appointment in determining the trust's eligibility as an S corporation shareholder.