myCPE

ESOPs and Worker Cooperatives 1 Credit

Aug 20, 2024, 11:30 AM ET

ESOPs and Worker Cooperatives 1 Credit

  • Rating

    4.6

  • Reviewed on

    February, 2025

  • Subject Area

    Finance

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Aug 20, 2024, 11:30 AM ET

Learning Objectives

  • To identify the structure, benefits, and fundamental characteristics of ESOPs.
  • To discuss and navigate the ESOP transaction process and financing options effectively.
  • To explain and evaluate tax advantages associated with ESOP implementation.
  • To analyze the governance and administration intricacies within ESOP structures.
  • To discuss the practical implications and nuances of ESOPs in business succession planning.

Course Overview

In the looming "Silver Tsunami" of retirements among baby boomer business owners, a staggering reality emerges: half of all U.S. businesses are owned by those over 55, with many lacking a proper exit plan. This impending wave risks washing away millions of businesses and jobs. Yet, for small business owners unable to find suitable buyers or disinterested family successors, selling their business becomes a formidable challenge. As advisors, expanding your expertise to include employee ownership in exit planning is a valuable asset.

Designed for small business advisors and professionals navigating business succession, this CPE course equips you with the essential knowledge to champion employee ownership. By adding this strategy to your service portfolio, you empower small business owners to explore a sustainable exit plan. Aimed at inspiring and activating advisors, this module facilitates a comprehensive understanding of employee ownership, nurturing a robust network of professionals proficient in executing these strategies.

Key Topics:

  • Grasp the structure, purpose, and fundamental features of ESOPs
  • Navigate the ESOP transaction process and explore financing avenues
  • Uncover the advantageous tax landscape surrounding ESOPs
  • Delve into the governance and administration intricacies of ESOPs

This CPE Finance webinar is to enable advisors to identify, educate, and guide small business clients toward appropriate employee ownership forms, including the intricate Employee Stock Ownership Plans (ESOPs). By the end of this course, participants will confidently comprehend ESOP structures, grasp their significance, assess tax benefits, and delve into governance and administration aspects.

On Demand Credits for All Qualifications

Live Webinar Credits for All Qualifications

License details Credits Status
Finance for Certified Public Accountants (CPA-US) 1 CPE Approved
Business Acumen for SHRM Professionals (Approval No. 26-73FZG) (Valid upto : Dec 31, 2026) 1 PDC Approved
Core Payroll Concepts for Certified Payroll Professional (CPP) (Approval No. 25CPE041) (Valid upto : Dec 31, 2025) 1 RCH Approved
HR (General) for Human Resource Certification Institute (HRCI) (Approval No. 686553) (Valid upto : Nov 30, 2025) 1 RCH Approved
Chartered Financial Analyst (CFA) 1 PL Eligible
General Principles of Financial Planning for Certified Financial Planner (CFP-US) (Approval No. 332216) (Valid upto : Dec 31, 2025) 1 CE Approved
Finance for Delaware Licensed Public Accountant (DE-LPA) 1 CPE Eligible
Employee Benefit Planning for Chartered Financial Consultant (ChFC) 1 CE Eligible
Financial Planning for Certified Wealth Strategist (CWS) 1 CE Eligible
Trust and Estate Practitioners (TEP) 1 CPD Eligible
Financial Planning for Certified Fiduciary and Investment Risk Specialist (CFIRS) 1 CE Eligible
Employee Benefit Planning for Retirement Income Certified Professional (RICP) 1 CE Eligible
Core Payroll Concepts for Fundamental Payroll Certification (FPC) (Approval No. 25CPE041) (Valid upto : Dec 31, 2025) 1 RCH Approved
Employee Benefit Planning for Wealth Management Certified Professional (WMCP) 1 CE Eligible
Employee Benefit Planning for Financial Services Certified Professional (FSCP) 1 CE Eligible
Finance for Iowa Licensed Public Accountant (IA-LPA) 1 CPE Eligible
Finance for Maine Licensed Public Accountant (ME-LPA) 1 CPE Eligible
Employee Benefit Planning for Chartered Special Needs Consultant (ChSNC) 1 CE Eligible
Financial Planning for CIPM 1 PL Eligible
Employee Benefit Planning for Chartered Advisor in Senior Living (CASL) 1 CE Eligible
License details Credits Status
Finance for Certified Public Accountants (CPA-US) 1 CPE Approved
Business Acumen for SHRM Professionals (Approval No. 24-H9GAD) 1 PDC Approved
HR (General) for Human Resource Certification Institute (HRCI) (Approval No. 680461) 1 RCH Approved
Finance for Chartered Financial Analyst (CFA) 1 PL Eligible
Finance for Delaware Licensed Public Accountant (DE-LPA) 1 CPE Eligible
Employee Benefit Planning for Chartered Financial Consultant (ChFC) 1 CE Eligible
Financial Planning for Certified Wealth Strategist (CWS) 1 CE Eligible
Trust and Estate Practitioners (TEP) 1 CPD Eligible
Financial Planning for Certified Fiduciary and Investment Risk Specialist (CFIRS) 1 CE Eligible
Finance for Retirement Income Certified Professional (RICP) 1 CE Eligible
Employee Benefit Planning for Wealth Management Certified Professional (WMCP) 1 CE Eligible
Employee Benefit Planning for Financial Services Certified Professional (FSCP) 1 CE Eligible
Finance for Iowa Licensed Public Accountant (IA-LPA) 1 CPE Eligible
Finance for Maine Licensed Public Accountant (ME-LPA) 1 CPE Eligible
Employee Benefit Planning for Chartered Special Needs Consultant (ChSNC) 1 CE Eligible
Employee Benefit Planning for Chartered Advisor in Senior Living (CASL) 1 CE Eligible
Finance for CIPM 1 PL Eligible

Additional Information

Credit

1

Course Level

Basic

Instructional Method

QAS Self Study

Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) 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.

About Instructor

Peter Lucas

Peter Lucas

Senior Product Manager, Project Equity

  • 4.6
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I am the Senior Learning Product Manager at Project Equity, a nationwide non-profit organization that helps retiring owners sell their businesses to their employees. With over 20 years of experience in learning and development (L&D), content creation, and product management, I lead the service provider adoption team to educate and engage business service providers on the advantages of employee ownership exits.

My core competencies include agile L&D product development, content, curriculum, and certification management, executive SME recruitment, scaled operational efficiencies, and P&L/budget management. I am passionate about creating impactful and scalable learning solutions that empower employees, enhance organizational performance, and advance missional causes.

Stacey Smith

Stacey Smith

Vice President (VP), Project Equity

  • 4.8
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Stacey has spent most of her career helping businesses examine their impact and aligning it with their values. She started as a CPA with Arthur Andersen, then moved into strategy and organizational development. Seeking to devote her financial expertise to social and environmental issues, she was an early mover in the field of sustainability and corporate responsibility in the US. She joined Business for Social Responsibility in 2001 to build their business consulting practice and spent the next decade guiding Fortune 500 companies to address their negative impacts. Recently, Stacey began consulting to nonprofits and foundations to strengthen their strategy, management, and governance practices. Through her work with the Public Equity Group and her own independent practice, she explored the structural barriers to wealth and other drivers of generational poverty. 

At Project Equity she is helping grow our team of professionals to accelerate the adoption of employee ownership as a key to building wealth and high-quality careers in communities. In addition to having been a licensed CPA, Stacey has a degree in Business Administration from the University of Vermont and has done coursework in International Business Studies at the University of Copenhagen. When she is not working, you can find her hiking the Bay Area hills, indulging in the restaurant scene, and playing with her family.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

out of 5

Excellent

Very Good

Average

Poor

Terrible

MV

Michael Vollmer, Chief Financial Officer (CFO)

4

the time allocation between ESOP and cooperative felt a bit imbalanced. overall content was good.

JD

John Demartino, CPA (US)

4

Strong presentation

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