ESOP Nuts and Bolts: What You Need to Know About Employee Stock Ownership Plans
Hosted by employed owned BL Companies
June 27, 2019 :: Meriden, CT
About This Meeting
This meeting covers the essentials of how an employee stock ownership plan (ESOP) works. Held at a leading ESOP company, it also provides an opportunity to learn about employee ownership from employee ownership companies. The session is aimed at people thinking about an ESOP, but may also be useful as a review for people in ESOP companies who want to know more about how the plans work.
Check-in and Refreshments
Welcome and Introduction
TBA, National Center for Employee Ownership
An ESOP Company Perspective
What Is An ESOP and What Can You Use It For?
Nicholas J. Francia, The Capital ESOP Group - UBS
What's Your Company Worth? ESOP Valuation
Chuck Coyne, Empire Valuation Consultants
ESOP Plan Designs That Work
Tabitha Croscut, Devine, Millimet & Branch, P.A.
How to Finance an ESOP
Steve Ryan, Prairie Capital Advisors, Inc.
Who Runs This Thing? ESOP Fiduciary Issues
Small Group Discussions
Empire Valuation Consultants, LLC
Chuck is an accredited senior appraiser (ASA) of the American Society of Appraisers, and managing director of Empire Valuation Consultants, LLC. He has more than 25 years of experience in the valuation of privately held business and specializes in providing valuations for ESOP purposes. He provides sell-side services including ESOP feasibility studies and assists clients with the structuring of ESOP transactions, including the rendering of ESOP fairness opinions. Chuck received his MBA with concentration in accounting from the University of Hartford. He is a frequent author and speaker on business valuation and employee stock ownership plan topics.
Devine, Millimet & Branch, PA
Tabitha Croscut is a shareholder and chair of the ESOP team at Devine, Millimet & Branch, P.A. with a legal practice focused primarily on employee stock ownership plans (ESOPs) as succession and employee compensation strategies. In addition to counseling clients regarding transactional, compliance, and fiduciary issues with respect to their ESOPs, she has represented companies, sellers, and internal and external trustees in ESOP transactions ranging from under $1 million to over $400 million.
Nicholas J. Francia
The Capital ESOP Group-UBS Financial Services
Nick joined UBS in 2011. As a member of The Capital ESOP Group, Nick focuses on educating business owners on different tax-efficient monetization strategies, empowering them to make informed decisions. Nick also creates tailored cash flow models comparing the taxable sale of privately held businesses and a Section 1042 tax-deferred sale to an ESOP. In 2018 Nick was recognized by Forbes as one of America's Top Next-Generation Wealth Advisors. Nick graduated from the University of Mary Washington, where he earned a bachelor's degree in economics.
Prairie Capital Advisors, Inc.
Steve Ryan joined Prairie to assist in new business development initiatives. He has more than 30 years of new business and banking experience throughout the country. Steve has led commercial banking teams that interact with business owners and c-level executives of private and public companies. He has acted as trusted advisor to many privately held companies to assist them in growth initiatives, business transitions and liquidity events over the years.
The meeting will be held at BL Companies, located at 355 Research Parkway, Meriden, CT. BL Companies has generously provided the facility, food and beverage, as well as their experience as an ESOP company in support of this meeting. The NCEO does not have a room block for this event. If you need a hotel reservation, the Hilton Garden Inn at 1181 Barnes Road, Wallingford, CT is about 5 miles from BL Companies. Complimentary onsite parking is provided. To make a reservation please call the hotel at 203-284-0000.
All meeting registrations must be prepaid.
NCEO members: $75.00 per person. (Not a member yet? Join during checkout for only $90. Membership is a great way to learn more about employee ownership.)
Nonmembers: $75.00 per person.
This meeting is not yet open for registration. Please check back in the future.
General Registration Information
Registration will open soon. Please check back for additional details.
A full refund will be issued, less a $20.00 administrative fee, if the request is received by the close of business on May 31, 2019. Cancellations made after that date and before our guarantee date of June 13, 2019, will be eligible for credit toward another program, minus a $20.00 administrative fee. Those cancelling on or after the guarantee date will not receive a paper credit or a refund.