Webinar
ESOPs are an often overlooked tool that are gaining popularity among business owners as a technique to create liquidity and facilitate succession planning. In the right circumstances, ESOPs are an advantageous succession-planning tool that provides a number of benefits over more traditional succession-planning techniques. In particular, the sale of stock to an ESOP can create a liquidity event for the business owner(s) (either through the sale of part or all of the stock owned); dramatically minimize the tax consequences of a transaction of stock relative to other typical liquidity events; eliminate corporate income taxes; and foster a corporate environment that dramatically increases productivity and profitability.
In Creating Liquidity & Ownership Succession with ESOPs, Mark Fournier of Stout Risius Ross and Peter Prodoehl of The Principal Financial Group will discuss the benefits of implementing an ESOP as part of the succession planning process.
This webinar will address several concepts for business owners, including:
• Providing a basic overview of ESOPs;
• Illustrating typical ESOP transactions that create liquidity for business owners;
• Highlighting the tax advantages of ESOPs to the business owner and company;
• Presenting the intangible benefits of ESOPs; and
• Discussing which companies make ideal ESOP candidates.
