Employee ownership need not end when an ESOP is discontinued upon the sale of the sponsoring company. Employee ownership can be carried over to the new company in many cases. Come learn how other ESOP participants have been able to use some of their ESOP distribution to invest in their new employer and continue their employee ownership.
LEARNING OBJECTIVES
1. Continue employee ownership into the new company after their current ESOP-owned company is sold.
2. Ask for rollover investment opportunities for the ESOP participants.
3. Enable more employee owners to participate in the economic success of their business and the acquirer's business.
Jeremy Huish is a Managing Director at Corporate Transition Consulting, Inc. Jeremy’s responsibilities include ESOP feasibility studies, transaction structuring, succession planning, and ongoing ESOP administration advising. Prior to his specialization in ESOPs, Jeremy was a tax attorney and consulted on risk management items.
James brings more than 10 years of experience in financial services, specializing in the administration of self-directed IRAs. As a Certified IRA Services Professional with a Self-Directed IRA Professional designation, he is an expert in navigating the IRS regulations related to holding private securities within qualified retirement plans, including private company stock. He has worked on numerous ESOP stock rollover transactions in connection with acquisitions totaling over $2 billion, helping preserve hundreds of millions of dollars in employee ownership for plan participants.
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