ESOP OVERVIEW FOR OWNERS, CFOS & CPAS

4.5 (187)

Phillip DeDominicis

Menke & Associates

  • ABV
  • CPA Canada
  • CMA
  • CPA
  • CVA
  • HRCI
  • SHRM

2 CPE | 2 CE | 2 CPD

FREE

Subject Area

Business Management and Organization

Webinar Qualifies For

2 Recertification Credit credit of HR (General) for HRCI Certified Professionals (Approval No. 543908)

2 PDC credit for SHRM Certified Professionals (Approval No. 21-92457)

2 CPE credit of Performance Management for CMAs

2 CPE credit of Business Management & Organization for all CPAs

2 CPE credit of Accounting for CVAs (NACVA)

2 CPD credit (Verifiable) for Canadian CPAs

2 CPD credit (Verifiable) of Entity and Specialized Industry Issues for all ABV (AICPA)

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Before starting this self study program, please go through the instructional document.

Overview

  • What is an ESOP?
    06 mins
  • Economic significance of ESOPs
    16 mins
  • Existing ESOP misconceptions
    30 mins
  • Scenarios where ESOPs may not work well
    41 mins
  • The Cash Flow ESOP
    61 mins
  • S Corporation - 100% Owned by ESOP
    67 mins
  • ESOP Valuation Requirements
    74 mins
  • Who runs an ESOP-owned corporation?
    80 mins
  • ESOP Lenders
    87 mins
  • Employee Investment
    95 mins

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 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.

Who Should Attend?

  • Finance Pros
  • Accountant
  • CPA - Small Firm
  • CPA - Mid Size Firm
  • Accounting Firm
  • CPA (Industry)
  • Young CPA
  • Senior Accountant
  • Accounts Director
  • Accounting Managers
  • Staff of Accounting Firm

Testimonial

4.5

(187)
60%
32%
6%
1%
1%

MZ

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

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

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

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

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

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