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ESOP overview for owners, CFOs & CPAs

  • Accountant
  • CPA/ABV
  • AFSP
  • CRTP
  • CMA
  • CPA (US)
  • CVA
  • CFA
  • EA
  • HRCI
  • ORTP
  • SHRM
  • Maryland Tax Prep.
  • CBA/MCBA
  • CFIRS
  • CWS
  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Course Description

Started with the perspective of employee benefits, Employee Stock Ownership Plans or ESOPs have been instrumental and productive for businesses serve many purposes such as motivating employees through equity ownership, enhancing productivity, and profitability; creating a market for stock; transfer of ownership from owner-management to the employee-management team, etc. Despite changes in the law regarding the same, ESOPs have stood the test of time. In crucial and challenging times, ESOPs can be used to create key benefits for businesses. 

The CPE/CE webinar provides a broad overview of ESOPs with the following topics:

Key topics discussed in this online CPE/CE course:

  • Using ESOPs as a business succession tool
  • How ESOPs are structured and financed
  • Typically scenarios where they are used
  • The tax differences and benefits between S corporation and C corporation ESOP owned companies
  • Who runs and controls an ESOP owned business
  • How ESOP shares are valued compared to other sale options
  • How the employees benefit personally and become more productive

Click here to access CPE courses on Latest Tax Updates | PDC/RCH

Learning Objectives

  • To identify when ESOPs may be useful.
  • To recognize basic facts about ESOPs and the benefits they provide owners & employees.
  • To differentiate between C corporation strategies and S corporation strategies.
  • To recognize how ESOPs valuations are derived.
  • To identify the pros and cons of seller financing versus bank financing.

Recommended For

  • This IRS-Approved CE course is recommended for EAs, AFSPs, and Other Tax Professionals advising about tax differences and benefits for ESOP owned companies.
  • This will be a very informative CPE webinar for CPAs, Accountants, Finance Professionals, and Other Accounting Professionals who want to enhance their basket of services and grow their organization. 
  • This online CPE course is also recommended for CMAs, CVAs, ABVs, CFAs, CFOs, CEOs.
  • This SHRM and HRCI Approved PDC course is good for HR Professionals engaged in managing ESOP-related activities in their organization.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Accounts Director
  • Business Owner
  • California Registered Tax Professional
  • CEO
  • Certified Fraud Examiner
  • Certified Management Accountant (CMA)
  • Certified Valuation Analysts
  • CFO/Controller
  • Chief Accounting Officer
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Entrepreneurial Accountant
  • Entrepreneurial CPA
  • Finance Director
  • Finance Pros
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Senior Accountant
  • Staff of Accounting Firm
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Professionals
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 2 CPD Credit for Accredited in Business Valuation (ABV)
  • 2 CPE Credit for Certified Management Accountants (CMA)
  • 2 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 2 CPE Credit for Certified Valuation Analyst (CVA)
  • 2 PDC Credit of Business Acumen for SHRM Professionals (Approval No. 22-943JM)
  • 2 RCH Credit for Human Resource Certification Institute (HRCI) (Approval No. 583778)
  • 2 CE Credit for Annual Filing Season Program (AFSP)
  • 2 CE Credit for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-0342)
  • 2 PL Credit for Chartered Financial Analyst (CFA)
  • 2 CE Credit for Enrolled Agents (EA) (Approval No. GEHNZ-T-00338-20-O)
  • 2 CE Credit for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-00338-20-O)
  • 2 CE Credit for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-00338-20-O)
  • 2 CPE Credit for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
  • 2 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 2 CE Credit for Certified Wealth Strategist (CWS)
  • 2 General Credit for Accountant/Bookeeper

Additional details

  • Course Level :
    Basic
  • Credits :
    2
  • Instructional Method :
    Group Internet Based
  • Pre-requisites :
    None
  • Advance Preparation :
    None

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MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

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 through its website: www.NASBARegistry.org.

CTEC APPROVED

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

MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

Presenter

About Presenter

Phillip DeDominicis

Managing Director, Menke & Associates - The premier ESOP provider

Prior to joining Menke & Associates 15 years ago, Mr. DeDominicis spent three years as Director of Investment Banking for the Mergers & Acquisitions Group of Citigroup in New York, focusing on change of control advisory assignments to middle-market companies. Prior to that, Mr. DeDominicis spent ten years as Director of Investment Banking for the Mergers, Acquisitions & Private Finance Group of Morgan Stanley. Mr. DeDominicis received his degree in Chemical Engineering from the University of Delaware in 1985, and his MBA degree in Finance and Accounting from the Anderson Graduate School of Management at UCLA in 1989.

About Company

Menke & Associates - The premier ESOP provider

www.menke.com/

Menke & Associates is a nationally recognized firm that specializes in the design and installation of employee stock ownership plans (“ESOPs”). Since 1974 Menke & Associates has provided comprehensive ESOP services including feasibility and design, financial consulting, legal services, employee communication, and plan administration/ record keeping services. Menke & Associates has installed over 3,000 ESOPs.

Faq

FAQs content

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Ratings and Review

4.5

849 Ratings

Excellent

492

Very Good

308

Average

44

Poor

5

Terrible

0

MZ

Michael Ziegler, CFP (US)

Jan 8th, 2021

This presentation reinforced many of the ESOP concepts I was previously aware of. It was incredibly informative and extremely well presented. My overall experience was very, very positive.

TE

Ted Elggren, EA

Jun 17th, 2022

Very helpful from the Company viewpoint

MS

Margaret Swanson, EA

Jun 16th, 2022

I would not have known how much information there was concerning ESOP if I did not take this webinar. I truly learnt more than I was expecting to.

PS

Priscilla Strakovits, CPA (US)

Jun 17th, 2022

Very clear and informative

Jeremy Berman
Jeremy Berman, EA

Jun 17th, 2022

.

ESOP overview for owners, CFOs & CPAs

FREE

2 Credits

Subject Area

Taxes

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