ESOPs as a Succession Strategy

Overview

This session will provide a basic overview of Employee Stock Ownership Plans (“ESOPs”). It will specifically address what companies are well suited for establishing an ESOP, how ESOPs are implemented, and how employees and departing owners alike can benefit from them. The session is intended to provide business and tax advisors with talking points about how an ESOP may be used as a succession planning strategy.

Highlights

• Succession Planning
• Employee Benefits
• Tax Advantages

Prerequisites

Basic understanding about business planning and succession is necessary

Designed For

This session is intended for any business advisor or CPA that works with family owned, mid-sized companies that are looking for succession planning options.

Objectives

• Analyze the key factors influencing the strategic implementation of Employee Stock Ownership Plans (ESOPs) for businesses, emphasizing their suitability, implementation process, and associated benefits for employees and departing owners, within the context of succession planning, employee benefits, and tax advantages, to equip business and tax advisors with comprehensive understanding and effective communication strategies.

Preparation

None