ESOPs as a Succession Strategy
Total Credits: 1 including 1 Business Management & Organization - Non-technical
- Average Rating:
- 13
- Categories:
- Partner Produced
- Faculty:
- Mindi Johnson | Amanda Dernovshek
- Course Levels:
- Overview
- Duration:
- 1 Hour
- License:
- Product Setting: Expires 30 day(s) after program date.
Description
This session will provide a basic overview of Employee Stock Ownership Plans (“ESOPs”). It will specifically address what companies are well suited for establishing an ESOP, how ESOPs are implemented, and how employees and departing owners alike can benefit from them. The session is intended to provide business and tax advisors with talking points about how an ESOP may be used as a succession planning strategy.
Basic Course Information
Learning Objectives-
Analyze the key factors influencing the strategic implementation of Employee Stock Ownership Plans (ESOPs) for businesses, emphasizing their suitability, implementation process, and associated benefits for employees and departing owners, within the context of succession planning, employee benefits, and tax advantages, to equip business and tax advisors with comprehensive understanding and effective communication strategies.
Major Subjects
- Succession Planning
- Employee Benefits
- Tax Advantages
Course Materials
| Important CPA Credit Instructions READ BEFORE WEBCAST UPDATED (487.5 KB) | Available after Purchase | ||
| ESOPs as a Succession Strategy Handout (343.2 KB) | Available after Purchase | ||
Faculty
Mindi Johnson Related Seminars and Products
Attorney
Foster Swift Collins & Smith,
Mindi Johnson is an attorney with Foster Swift Collins & Smith, PC in Grand Rapids, MI. Ms. Johnson is co-leader of the firm’s Business/Tax Practice Group and leads the firm’s Employee Benefits team. Her practice focuses on consulting with companies to develop employee benefit programs that achieve company goals while providing meaningful benefits to employees. Those benefit programs routinely include Employee Stock Ownership Plans and executive deferred compensation arrangements. Ms. Johnson also assists clients with a variety of benefits-related issues, including the provision of guidance during acquisitions, education on fiduciary standards, and support when responding to government audits.
Amanda Dernovshek Related Seminars and Products
Attorney
Foster Swift Collins & Smith
Amanda Dernovshek is an attorney with Foster Swift Collins & Smith, PC in Lansing, MI. Ms. Dernovshek is a member of the firm’s Business/Tax Practice Group. Her practice focuses on issues related to employee benefits, federal taxation, and business planning, and she also assists the Firm’s mergers and acquisitions team. Ms. Dernovshek works with clients to answer questions related to complicated employee benefits issues and general business issues. She aims to assist clients by providing understandable and practical advice.
Dates
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Wed, Jan 22, 2025 - 12:00pm to 01:02pm EST
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Thu, Feb 20, 2025 - 02:00pm to 03:02pm EST
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Mon, Mar 03, 2025 - 09:00am to 10:02am EST
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Sat, Apr 26, 2025 - 10:00am to 11:02am EDT
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Tue, May 20, 2025 - 04:00pm to 05:02pm EDT
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Fri, Jun 27, 2025 - 03:00pm to 04:02pm EDT
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Wed, Jul 02, 2025 - 01:00pm to 02:02pm EDT
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Additional Info
Basic Course Information
PrerequisitesBasic understanding about business planning and succession is necessary
Advanced Preparation
None
Designed For
This session is intended for any business advisor or CPA that works with family owned, mid-sized companies that are looking for succession planning options.
Original Recording Date
03/2024
Yellow Book
No
Course Developer
MICPA
Date Added to Catalog 02/15/2024
Additional Information
Complaint Resolution PolicyPlease contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement
Business Professionals' Network, Inc. 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
Instructional Delivery Method
Group Internet Based
Course Registration Requirements
Online Registration
Refund/Cancellation Policy
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
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