Show navigation

Available in:

OnDemand Webinar

ESOPs - A Valuable Tool for the Closely-Held Business

Find out how an ESOP can become a valuable tool in your succession planning strategy.

In an evolving tax and financial environment, business owners are exploring strategic options to transition from full-time business owner to retiree, while at the same time providing for their families and their employees. In many situations, employee stock ownership plans (ESOPs) are selected as the strategy of choice for business succession planning and tax-preferred growth. Understand the potential advantages of ESOPs and learn what an ESOP is, why ESOPs are popular, what the potential advantages for a company, the selling owners and the affected employees might be; the federal tax implications of creating an ESOP; and related corporate, financial and valuation considerations of an ESOP.

Runtime: 101 minutes
Purchase Options

More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

What Is an ESOP

Who Are Good ESOP Candidates

How an ESOP Is Established

  • General Transaction Steps
  • Leveraged ESOP Diagram and Considerations

Financing Considerations

Valuation Considerations

  • Appraisal Requirement
  • Litigation and Fiduciary Issues

Barriers to a Successful ESOP

  • Selling Shareholder Issues
  • Company Issues

Why ESOPs Are Popular

Tax Advantages

  • Section 1042 Rollovers
  • Deductibility of Contributions
  • S-Corporation Tax Advantages

Ongoing ESOP Considerations

Purchase Options

More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on March 30, 2016.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Purchase Options

More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Greg M. Daugherty

Greg M. Daugherty

Porter Wright Morris & Arthur LLP

  • Partner in the office of Porter Wright Morris & Arthur LLP, Columbus, Ohio
  • Practice emphasizes all aspects of executive compensation and employee benefits
  • Conducts regular seminars and workshops on numerous executive compensation and employee benefits
  • Wrote several publications related to the areas of executive compensation and employee benefits
  • Member, American Bar Association; member, Columbus Bar Association and chairman of Employee Benefits Committee, 2011 to 2013; listed in the Ohio Super Lawyers Rising Stars Edition, 2009 and 2014; and licensed in Ohio
  • J.D. degree, The Ohio State University Moritz College of Law; B.S. degree in accountancy and economics, Miami University
  • Can be contacted at [email protected] or Twitter® @GDaughertyESQ
Richard P. McHugh

Richard P. McHugh

Porter Wright Morris & Arthur LLP

  • Vice president, Washington Affairs for the Plan Sponsor Council of America, a leading employee benefits advocacy group and of counsel in the law firm of Porter Wright Morris & Arthur LLP, Washington. D.C. office
  • Practice emphasizes all aspects of all aspects on employee practice, including retirement, health care and executive compensation and including public advocacy related to such matters
  • Participated in numerous seminars and webinars on retirement, health care and executive compensation topics including speaker at IA Compliance Best Practices Summit “ERISA: From Fiduciary Duty to Disclosures,” Washington, D.C.; speaker, Plan Sponsor Council Of America 67th Annual National Conference; “Impact of Mergers &Acquisitions on Retirement Plans”, Miami, Florida; and co-speaker, Pensions & Investments East Coast Defined Contribution Conference “How Investment Decision-Making Is Altered by the Evolving Fee Landscape,” Miami, Florida
  • Wrote several publications related to the areas of employee benefits (covering retirement, health care and executive compensation matters and related humans resource matters), including co-wrote, BNA Tax Management Portfolio #364, “Qualified Plans - Treatment in Mergers, Acquisitions and Other Corporate Transactions”; co-wrote, Application of Code Section 409A to Employment Relationships: Tax Law Meets Employment Law” Compensation and Benefits Review; and Defined Contribution Insights, Plan Sponsor Counsel of America, “A Primer on the Approach to Retirement Plan Negotiations”
  • Member of the District of Columbia Bar Association; American Bar Association, Tax Section and Employee Benefits Committee; member, Southern Employee Benefits Conference, president, 2001; American Benefits Council, Retirement and Investment Policy Committee; listed in the Best Lawyers in America® in the area of employee benefits (ERISA) law; and listed in the Washington D.C. Super Lawyers, employee benefits
  • J.D. degree, Georgetown University Law Center; A.B. degree in economics, Georgetown University
  • Can be contacted at [email protected] or [email protected]
Purchase Options

More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 397292
Published 2016
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!