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