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This session will cover what a contractor needs to know when considering an ESOP as part of a succession/continuity and ownership transfer strategy. This session will provide an analysis from beginning to end so that there are no surprises, and will assist the contractor in knowing what questions to ask and how to analyze an ESOP alternative in a construction environment
Learning Objectives:
Define an ESOP and its functionality
Identify the myths, transaction structures, and tax efficiencies of ESOPs as well as how to communicate to the bonding company
Review ESOPs for S and C corporations, ESOP trustees, ESOP valuation, and ESOP as an exit strategy, as well as what questions to ask
Recognize how to hold your advisors accountable and how to analyze a Phase 1 ESOP feasibility report