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 webinar provides a broad overview of ESOPs with the following topics:
Key Topics include:
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
This will be a very attractive webinar for the CPAs, Accountants, Finance Professionals, and Other Accounting Professionals who want to enhance their basket of services and grow their organization.
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.
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.
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
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.
About Presenter
Phillip DeDominicis
Managing Director, Menke & Associates
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.
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
myCPE self-study courses are online.
The self-study format allows you to access the material online 24/7 and study at your own pace.
As per NASBA guidelines, you have one year from date of registration to complete each program.
Complete your final exam at any time and get CPE Credit instantly. You can retake the exam multiple times without any additional charges.
Course have minimum passing score of 70% and test takers will not be provided feedback on failed exams.
These are Live recorded presentations converted into Self Study (On-Demand Videos).
Refund/Cancellation Policy
For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128
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Testimonial
4.5
(187)
60%
32%
6%
1%
1%
MZ
Michael Ziegler ,
Jan 7th 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.
NM
Niklas Mollenholt ,
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.
JC
Joydev Chakraborty ,
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.
PJ
Paul Joyce ,
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.
SG
Sitong Guo ,
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
DW
Debbie Wiora ,
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
