ESOP Overview For Owners, CFOs & CPAs

This Course is Also Available in Self Study (On-Demand)

Click Here

Course Description
Course Qualification
Presenter
Faq

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 | SHRM and HRCI Approved Courses

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
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 PDC Credit of Business Acumen for SHRM Professionals (Approval No. 21-92457)
2 CPE Credit for Certified Valuation Analyst (CVA)
2 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
2 CPE Credit for Certified Management Accountants (CMA)
2 CPD Credit for Accredited in Business Valuation (ABV)
2 RCH Credit for HRCI Professional (Approval No. 583778)

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

To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here : https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review

4.5

657 Ratings

Excellent

371

Very Good

250

Average

Poor

Terrible

Niklas Mollenholt, ACCT/BK, CPA (US)

Jan 8th, 2021

I wish I would have done a bit more research before the meeting to be better prepared for the information. It was good information but difficult to all absorb without much prior context.

Joydev Chakraborty, EA

Jan 8th, 2021

Great presentation, though I have no clients with ESOP ...yet. ...but I really enjoyed this webinar because I've been wanting to understand ESOPs in more depth and the presenter did a great job of discussing the concepts.

Paul Joyce, ACCT/BK, EA

Jan 7th, 2021

My area of expertise is to help represent clients in tax issues and this would include advising a client of a potential helpful tool in tax planning. This overview was helpful in making me aware of how an ESOP generally works.

Sitong Guo, EA

Jan 7th, 2021

I enjoyed the insight into ESOPs as provided by Mr. DeDominicis ... an investment banker. I had always thought of ESOPs in terms of their exercise by an employee and its treatment on a Form 1040, rather than as both an employee incentive device and an equity financing mechanism

Debbie Wiora, CPA (US)

Jan 7th, 2021

The presenter, Philip, communicated at my level and at a very good pace. I walked away from this class able to communicate at a cursory level of the subject. I also appreciate the information he gave to dispel common misbeliefs about ESOPS. Great class! Great presenter