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S Corporation ESOPs: Valuation Issues

NCEO Webinar replays are the recorded version of our live Webinars, using PowerPoint presentations viewed online. To purchase a twelve-month subscription providing unlimited access to all recorded Webinars, including this one, follow this link. (Replays are not available for individual purchase.) Please contact Colleen Kearney at 510-208-1311 or for additional information.

This replay was recorded on September 12, 2017.

About This Meeting

ESOP fiduciaries and other responsible for the annual ESOP appraisal need to understand the interaction between their companies' S corporation statement and the valuation. The benefits of being an S corporation ESOP add several layers of complexity to the annual valuation. For example, ESOP shares are valued by law at the price a "willing buyer" would pay, but there is no guarantee that this hypothetical willing buyer would be an S corporation or have an ESOP. Does that make it impossible for the appraisal firm to consider the S corporation ESOP tax shield? If not, how should it affect the annual valuation? Does the appropriate valuation method change for initial transactions, ongoing operation, or in evaluating a potential sale of the company? What's the difference between a valuation for a 100% ESOP-owned S corporation and one where the ESOP has a smaller stake? This Webinar stands on its own, but many attendees will also view our other two S corporation Webinars (one on legal issues and one on administrative issues)

You will learn:

How to assess your current appraiser's valuation methods.


S Corporation ESOPs: Valuation Issues
Erin Hollis, Marshall Stevens, Inc.


Erin Hollis

presenter photo

Marshall & Stevens, Inc.

Erin is a director with Marshall & Stevens Incorporated in Chicago. She is a seasoned speaker, prolific author, and a credentialed member of the American Society of Appraisers, where she is a member of the Business Valuation Committee. She is also a member of the Valuation Advisory Committee and of the Interdisciplinary Advisory Committee on Fiduciary Issues of the ESOP Association and a member of the NCEO.