
Industry Leader On ESOPs
Guest Expert: Phillip DeDominicis, The Menke Group
This webinar featured Phil DeDominicis from Menke. Menke helped draft the legislation for ESOPs and has helped launch over 3,000 plans. Phil provided a broad overview of Employee Stock Ownership Plans or "ESOPs."
Topics included: 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.
Please note: Quiz is for informational purposes only. It is not eligible for Continuing Education (CE) credit. Please click here if you would like to view our CE-eligible self-study courses.
08.24.2023 - ESOPs
Comments
A few comments from listeners:
I much better understand how the employees get paid when they leave the company. Best explanation of how these work in my 9 years of CFP!
- Jean W.
It was great learning more about ESOPs and that they would be appropriate for many companies after they reach the 10+ employee $1M revenue mark.
- Paul M.
The presenter had very effective and easy-to-follow notes, which helped considerably.
- Lawrence F.
Amazingly clear and thorough presentation given time available to the presenter.
- Richard E.
Another head spinning seminar- I rarely see ESOP's anymore but still useful to have some knowledge of how they work- Excellent idea to choose this topic!
- Edward D.
I do have a better understanding of functionality of ESOP's for those rare moments I deal with a business that would benefit from that transaction and also to redirect client interest if they do not fit the profile.
- Rick F.
I much better understand how the employees get paid when they leave the company. Best explanation of how these work in my 9 years of CFP!
- Jean W.
It was great learning more about ESOPs and that they would be appropriate for many companies after they reach the 10+ employee $1M revenue mark.
- Paul M.
The presenter had very effective and easy-to-follow notes, which helped considerably.
- Lawrence F.
Amazingly clear and thorough presentation given time available to the presenter.
- Richard E.
Another head spinning seminar- I rarely see ESOP's anymore but still useful to have some knowledge of how they work- Excellent idea to choose this topic!
- Edward D.
I do have a better understanding of functionality of ESOP's for those rare moments I deal with a business that would benefit from that transaction and also to redirect client interest if they do not fit the profile.
- Rick F.
Attendees Comments:
I much better understand how the employees get paid when they leave the company. Best explanation of how these work in my 9 years of CFP!
- Jean W.
It was great learning more about ESOPs and that they would be appropriate for many companies after they reach the 10+ employee $1M revenue mark.
- Paul M.
The presenter had very effective and easy-to-follow notes, which helped considerably.
- Lawrence F.
Amazingly clear and thorough presentation given time available to the presenter.
- Richard E.
Another head spinning seminar- I rarely see ESOP's anymore but still useful to have some knowledge of how they work- Excellent idea to choose this topic!
- Edward D.
I do have a better understanding of functionality of ESOP's for those rare moments I deal with a business that would benefit from that transaction and also to redirect client interest if they do not fit the profile.
- Rick F.