This session will discuss whether an ESOP is the best business succession planning tool for a company. We will provide an overview of an ESOP, why a company might or might not want one, and tax/economic/business perspectives of an ESOP. We will provide a case study to illustrate the analysis.
Identify clients in which an ESOP as a business succession planning alternative is appropriate.
Recall aspects of an ESOP in order to propose to potential ESOP candidates.
Recognize potential advantages and disadvantages of ESOPs, including concerns related to risk, cost, and complexity.