ESOPs as a Business Transition Tool
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This replay was recorded on April 10, 2012.
About This Meeting
ESOPs have become increasingly common as a means of transferring ownership in a closely held company. They allow companies to use pretax dollars to buy out one or more owners, in part or in full. In a C corporation, if the ESOP ends up with 30% or more of the ownership, the seller or sellers can defer taxation on the gain by reinvesting in other securities. This Webinar looks at the issues involved in selling to an ESOP and how an ESOP sale compares to other alternatives for transition. You will learn:
- How the tax advantages of selling to an ESOP work.
- Rules and considerations for deciding on an ESOP.
Joel H. Davis
Principal Financial Group
Joel is vice president-ESOP consulting at Principal and has more than 21 years of experience working with ESOPs and the companies that sponsor them. His technical areas of expertise involve ESOP feasibility consulting, repurchase liability and sustainability analysis, plan design, and administration. He is a member of the National Center for Employee Ownership, the ESOP Association (TEA), the Ohio Employee Ownership Center, and the Minnesota Chapter of TEA.
Anthony J. Dolan
Prairie Capital Advisors, Inc.
Anthony is a director at Prairie Capital Advisors. Anthony has significant experience advising private companies and shareholders on mergers and acquisitions, capital raising, leveraged ESOPs, and strategic advisory engagements in the middle market. He has diverse experience executing transactions in manufacturing and distribution, food and beverage, and business services industries. Prior to joining Prairie, Anthony was an investment professional with Alpha Capital Partners and NM Group Global, a multinational company.
Stout Risius Ross
Aziz is a managing director in Stout Risius Ross' valuation advisory group and is Stout's ESOP and ERISA advisory practice co-leader. He has experience in the valuation of companies, business interests, and securities, for numerous purposes, has extensive experience in the valuation of business ownership interests in employee stock ownership plans (ESOPs), and has performed analyses related to ESOP security formation and transactions, determination of transaction fairness and adequate consideration, and annual employer security valuation updates.