Is an Employee Stock Ownership Program the right transition strategy for your firm?

Join Bob Massengill to compare ESOPs to other transition strategies, including third-party sales and internal buyouts.You'll quickly move from ESOP basics to a detailed discussion about the financial impact of these different buyout methods and the tax differences for the selling shareholders.

You'll also examine current valuation multiples, a market update rates and lending multiples for senior loans, and how to compensate key employees with a program tied to equity.

You'll leave this 60-minute session with a balanced perspective of the different buyout strategies and feel ready to assess whether and how an ESOP might factor into your firm’s ownership transition strategy.

TAKEAWAYS:

• Basic ESOP transaction structures and tax considerations
• A primer on corporate governance in an ESOP company
• Basic ESOP plan rules and employee payouts
• Fiduciary considerations
• Are Valuations Different for an ESOP, Internal Sale and Third-Party Sale?
• Update on Market Multiples
• Valuation requirements and basic methodologies
• Is my firm right for an ESOP?

Presenter: Robert E. Massengill, Managing Director, Pilot Hill Advisors LLC