This webinar features Phil DeDominicis from Menke. Menke helped draft the legislation for ESOPs and has helped launch over 3,000 plans. Phil’s will provide a broad overview of Employee Stock Ownership Plans or "ESOPs."
Topics include: using ESOPs as a business succession tool, how ESOPs are structured and financed, typical scenarios where they are used, who runs and controls an ESOP-owned business, how ESOP shares are valued compared to other sale options, and finally how employees benefit personally and become more productive.
Learning Objectives:
- Identify when ESOPs may be useful for your clients
- Understand the minimum requirements for a company to qualify for an ESOP
- Learn the benefits ESOPs provide owners & employees
- Understand how ESOPs valuations are derived
- List the pros and cons of seller financing versus bank financing
*CE/CPE Eligible: 1 CE credit is available to subscribers with these designations: CFP, CLU, ChFC and RICP. CPA subscribers will earn 1 CPE credits.
Field of Study: Specialized Knowledge
Prerequisites: There are no prerequisites for this session.
Advanced Preparation: None
Program Level: Basic
Delivery Method: Group Internet Based
NASBA Approved
Financial Experts Network (Sponsor Id#: 145173) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.