WP90X – ESOPs: A Different Way of Selling to a Third Party
Tuesday, June 10, 2025 @ 8:00 AM PT
Details
As more business owners head toward retirement, one often overlooked and 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 these benefits, they are often thought of as a less attractive option than a third-party sale. When structured properly, ESOPs are a viable solution for all involved – owners, employees and the operating business – and should be a consideration for all business owners looking to monetize their company.
Session Overview
Join Michael Kenneth of WealthPoint and Drew Schaefer of SCJ Fiduciary for this 90-minute presentation as they discuss how ESOPs are an underutilized strategy as an alternative to a third-party sale. They will review which companies make the best ESOP candidates as well as how to implement on an ESOP. In addition, Michael will interview Drew (an Independent ESOP Trustee) on his view of ESOPs from the Trustee perspective, how he handles ESOP deals and what role a Trustee plays in the entire process, both pre and post-transaction.
What:
WP90X – ESOPs: A Different Way of Selling to a Third Party
When:
Tuesday, June 10 at 8:00 am Pacific Time
Where:
Zoom Video Conference
CPE:
One (1) hour of NASBA* CPE or CFP credit will be offered (see below for more information)
Learning Objectives
- Understand how ESOPs work and reasons for implementation
- Reasons for an ESOP vs. an alternative exit strategy
- Identify the impact on the company and its employees
- Identify crucial tax benefits for an ESOP and how they can help to repay company debt
- Understand what role the ESOP Trustee plays and how they navigate the process pre and post-transaction
Continuing Education Information
- This program qualifies for one hour of NASBA CPE and/or CE credit
- Prerequisites: none
- Advanced preparation: none
- Program level: basic
- NASBA field of study is Specialized Knowledge
- Delivery method: Group Internet Based
- There is no cost for this presentation or to obtain CE and/or CPE credit
- For more information regarding administrative policies such as complaint and refund, 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: nasbaregistry.org.
- Certificates for CPE and/or CE credit will be provided within 30 days after the webinar
