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THU, MAY 19, 2022 @ 8:00AM PT

WP90X – ESOPs: A Different Way of Selling to a 3rd Party

Speakers

Tim Young

Michael Kenneth

Details

As more business-owners head toward retirement, one often, yet misunderstood, succession strategy that should be considered is an Employee Stock Ownership Plan (ESOP). ESOPs offer significant advantages to privately-held businesses, ranging from tax mitigation to creating a substantial economic benefit for the employees. Despite its benefits, they are often thought of as a less attractive option than a 3rd party sale. ESOPs are a viable solution for all parties (owners, employees and the operating business) when structured properly and should be considered for all owners who are looking to exit their company.

Session Overview

Join Tim Young and Michael Kenneth of WealthPoint for this 90-miunte presentation as they discuss how Employee Stock Ownership Plans (ESOPs) are an under-utilized strategy as an alternative to a 3rd party sale. The WealthPoint team will discuss which companies make the best ESOP candidates, how to implement on an ESOP and provide an overview of the ESOP process. Additionally, there will be a panel discussion with two business-owners who either fully or partially sold their business to an ESOP. They will discuss the reasons for the ESOP, the impact the strategy had on their personal situation and the company and the overall process.

Learning Objectives

  • Understand how Employee Stock Ownership Plans (ESOPs) work
  • Identify crucial tax benefits for an ESOP and how they can help to repay company debt
  • Hear from two business-owners who implemented an ESOP
    • Reasons for an ESOP vs. an alternative exit strategy
    • Identify the impact on the company and its employees

After registering, you will receive a confirmation email containing information about joining the meeting. If you have any questions, please let us know. Feel free to share this invite with other members of your firm if you think it would be valuable for them to attend.

CE Requirements

  • This program qualifies for 1 hour of NASBA CPE or CFP credit
    • Prerequisites: none
    • Advanced preparation: none
  • NASBA field of study is Specialized Knowledge
  • Delivery method: Group live presented in person and online
  • There is no cost to for this presentation or to obtain CPE credit
  • For more information regarding complaint or program cancellation policies, please contact Shelley Forman at (602) 559-5389
  • WealthPoint, LLC 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.

What:
WP90X – ESOPs: A Different Way of Selling to a 3rd Party

When:
May 19, 2022 at 8:00AM (Pacific Time)

Where:
In-Person at Meet 24:
2398 East Camelback Road Suite 100 Phoenix, Arizona 85016 or
Zoom Video Conference

CPE:
One (1) hour of NASBA* CPE or CFP credit will be offered (see below for more information)

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