About the Webinar

Recent Federal legislation resulted in increased long-term capital gains tax rates. As a result, more business owners are expressing their interest for tax-deferred sales to ESOPs. As the selling shareholder to an ESOP, you have the option to pay the capital gains tax created by the sale, or if you are eligible, you can elect section §1042 of the Internal Revenue Code. Electing §1042 allows the selling shareholder(s) to defer the capital gains tax in connection with the sale to an ESOP, and if structured properly would result in a permanent avoidance of paying the capital gains tax. 

You will learn:

  • A high-level explanation of how a business owner can sell a portion or all of his or her business to an ESOP and defer recognition of long-term capital gain realized in connection with the sale
  • The significant requirements that a business owner must satisfy before he or she can take advantage of this tax-deferral arrangement;
  • Simple rules of thumb to determine whether a particular business owner is a good candidate for a tax-deferred sale to an ESOP

Keith has nearly 17 years of experience in the financial services industry with an extensive background in corporate finance. As the founding partner of the Capital ESOP Group, Keith leverages the resources and intellectual capital of UBS to assist his clients and their families with creating personalized financial solutions that take into consideration all aspects of 1042 cash flows. His total participation in ESOP transactions has exceeded $2 billion in transaction value across various sectors and industries. He is a member of the National Center for Employee Ownership as well as the finance committee for The ESOP Association

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.

Thank You to Our Sponsors