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David R. Johanson
Senior Partner | Hawkins Parnell & Young, LLPP
Michelle Buckley, CPA, AIFA
Vice President | Meaden & Moore

ESOP, Business Succession, and Tax Planning: Key Considerations | On-Demand Webinar

Broadcast Date: Wednesday, April 5, 2023 | 12:00 PM – 02:00 PM ET

The enactment of the 2023 Omnibus Bill, a comprehensive spending bill funding the federal government for the fiscal year 2023, is presenting a huge advantage for Employee Stock Ownership Plan (ESOP). The Omnibus Bill enumerates several provisions aimed at educating businesses and workers and providing clarity and transparency in creating and administering an ESOP.

While ESOP is a powerful tool for business succession, especially for startups, and as more and more turn to ESOP as a viable corporate finance technique, it is crucial to understand its pros and cons and be up to date with regulatory developments to avoid potential pitfalls.

Listen as experienced employee benefits lawyers David R. Johanson (Hawkins Parnell & Young LLP) and Michelle Buckley, CPA, AIFA (Meaden & Moore) provide a dynamic discussion of the key developments and significant issues surrounding ESOP, succession planning, and their tax implications. The esteemed speakers will provide an in-depth analysis of their benefits and share insights into what makes for a valuable investment in ESOP.

In this webinar, you’ll learn:

  • ESOP Structure: The Nuts and Bolts
  • Mapping Out ESOP Concepts: Qualify Your Business
  • The Big Picture: Pros and Cons of ESOPs
  • Reaping the Benefits of ESOPs: Tax Advantages
  • Regulatory Outlook, corporate governance, and fiduciary liability issues

Agenda:

David R. Johanson, PARTNER-IN-CHARGE, NAPA
Hawkins Parnell & Young, LLP
&
Michelle Buckley, CPA, AIFA, Vice President
Meaden & Moore

  • Introduction to ESOPs as an Exit Strategy and Review of Alternative Strategies Available to Business Owners
  • Benefits to C Corporations and S Corporations of Using an ESOP as an Exit Strategy
  • Ideal Candidates for ESOPs and Poor Candidates for ESOPs
  • The Role of the Feasibility Study
  • Tax Implications to the Seller, the Corporation and the Employees of Using an ESOP as an Exit Strategy
  • How to Implement an ESOP?
  • Recent Legislative, Regulatory and Case Law Consideration for the Implementation of an ESOP
  • Fiduciary liability and regulatory considerations.

Who Should Attend:

  • Labor & Employment Lawyers
  • Employee Benefits Lawyers
  • Benefits Administrators
  • Chief Executive Officers
  • Chief Human Resource Officers
  • Chief Compliance Officers
  • Financial Advisors
  • Insurance Lawyers
  • In-House/General Counsel

Register for this course by clicking the “Take this Course” at the top of the page.

CLE Credit:

Course Level: Intermediate | Advance Preparation: Print and review course materials

Method of Presentation: On-Demand Webinar | Prerequisite: General Knowledge of ESOP

Course Code: 1410812 | Total Credit: 1.5 CLE | 1.5 CPE (Not eligible for QAS (On-demand) CPE credit)

Instructions for Participating the Live Webinar

    • Please Register for the course by clicking the "take the course: button if you have not already registered.
    • Check Your Email – 24 hours before the webinar, you will receive an email with all necessary instructions, including access details and course materials. This information will also be posted here in this window when it is available.
    • Download Course Materials – Course materials will be available for download **24-48 hours before** the live webinar. Be sure to review them in advance. The Link to download is available by clicking the lesson tab.
    • Join the Webinar – Follow the instructions in the email to access the live broadcast at the scheduled time.
    • Note the Secret Words – During the webinar, secret words will be announced periodically. Please write them down.
    • Take the Quiz – After the webinar, click on the quiz link below and enter the secret words to complete the quiz.
    • Print Your Certificate – Upon completing the quiz, you will be able to print your Certificate of Attendance, which includes instructions on how to obtain CLE, CPE, or other applicable credits for the course.
    • On-Demand Access – The on-demand version of this course will be available 24-48 hours after the live webinar. If you miss the live presentation or need to review the content, you will have access to the on-demand version as an enrolled student. To access on-demand content, click the lesson and follow the instructions.
    • Support: If you have any questions, please refer to the email instructions or contact support: support@theknowledgegroup.zohodesk.com.