Podcasts about employee stock ownership plans

In this episode, host David Mandell welcomes Bob Goettling, a seasoned investment banker and legal expert with over 30 years of experience in healthcare transactions, to discuss the emerging relevance of ESOPs (Employee Stock Ownership Plans) for physician practices. Goettling shares his professional journey, from early M&A work to helping physician groups explore monetization options, including ESOPs as a potentially powerful but underutilized tool.  Bob breaks down the core structure and history of ESOPs, describing them as trust-based leveraged buyouts that allow physicians and employees to own their practice while benefiting from significant tax advantages. He explains how the Bloom Organization itself became an ESOP nearly a decade ago, and how his team has since developed a tailored hybrid ESOP model for medical practices, especially as interest in private equity has cooled due to rising interest rates and negative post-deal experiences. While ESOPs offer clear advantages—like retaining control and optimizing tax outcomes—they also come with complexity. Goettling stresses the importance of choosing the right advisors and ensuring a strong internal management structure. Not every practice is a good fit; size, structure, and strategic alignment are critical factors. The episode offers high-level insight into how ESOPs work, who they benefit, and what red flags to watch for in considering this alternative to traditional M&A routes. KEY INSIGHTS ESOP stands for Employee Stock Ownership Plan and enables employees to become beneficial owners through a trust structure. Originally introduced in the 1950s, ESOPs gained traction in the 1970s due to government incentives. Goettling and his team at Bloom implemented an ESOP for their own firm nearly 10 years ago and now advise physician groups on doing the same. Tax benefits are significant: ESOP sellers can defer or eliminate capital gains, and the entity itself becomes tax-exempt. ESOPs allow physicians to monetize their practice without surrendering control, unlike private equity deals. The model is ideal for larger practices (15–20+ physicians) with existing governance (boards, CEOs, CFOs). Complexity is a key barrier—ESOPs involve oversight from both the IRS and Department of Labor. Hybrid ESOP models can account for partners, junior doctors, staff, and even future hires. Mistakes often stem from poor advisory choices; experience with ESOPs is essential to avoid pitfalls. ESOPs can be a game-changer for practices looking to stay independent while scaling strategically. Learn more, including additional show notes, links, and detailed key takeaways, by visiting physicianswealthpodcast.com. Click here to get your FREE copy of our latest book, Wealth Strategies for Today's Physician!

The last couple of weeks, we've been deep in the world of buying businesses. But what happens when it's time to cash out? Maybe you're ready to sell your business, that investment property you've managed for years, or another major asset you've poured your energy into. If you're like most people, the thrill of a big sale is quickly followed by a less-exciting thought: “Wait, how much am I going to owe in taxes?” It's the classic one-two punch—first the celebration, then the sinking feeling as you picture Uncle Sam's hand reaching for a chunk of your hard-earned gains. But here's the good news: you actually have options. Real, legal, IRS-approved options. And the right strategy can mean the difference between watching your profits shrink and putting your money to work for you—sometimes for years to come. Of course, things get a little trickier if you have a mortgage or other debt on the property, but don't worry—we'll break that down too. Let's start with one of the oldest tricks in the book: the 1031 Exchange. If you own investment real estate, you've probably heard about this one. The idea is simple: sell your property, buy another “like-kind” property, and—if you follow the rules—kick that tax bill down the road. But here's the twist: if you've got a mortgage, you'll need to replace that debt with equal or greater debt on your next property, or pony up the difference in cash. Otherwise, the IRS will want a piece of the action right away. So yes, leverage matters! Now, maybe you're tired of being a landlord but still want those tax perks. Enter the Delaware Statutory Trust, or DST. This is essentially 1031 exchanging into a syndication that is designed for this type of thing. You sell your property and, instead of buying another one yourself, you buy a slice of a big, professionally managed property—like an apartment complex or shopping center. DSTs often come with their own loans, so you can match your old mortgage and keep the tax deferral going. The upside? No more midnight calls about leaky faucets. The downside? You're trusting someone else to run the show and they need to be good at it (just like any syndication operator). And, there are some rules and restrictions that can affect your returns negatively. But what if you're selling a business? That's where Employee Stock Ownership Plans, or ESOPs, come in. Imagine selling your company to the people who helped you build it—your employees—and deferring a big chunk of your capital gains tax in the process. It's a win-win, but if your business has debt, things can get complicated fast. This is definitely a strategy where you'll want a seasoned advisor in your corner. Now, let's talk about installment sales and structured sales. In this scenario, instead of getting paid all at once for your asset, you spread out the payments—and the taxes—over several years. Structured sales even bring in a third party to guarantee those payments, adding an extra layer of security. But—and this is a big but—if you have a mortgage, the IRS treats the amount the buyer pays off as if you got that money in cash on day one. So, you'll pay taxes on that portion right away. For example, if you sell for $1 million but owe $600,000, you can only defer taxes on the $400,000 you actually receive over time. The more debt you have, the less you can defer. And finally, we have the Deferred Sales Trust—the topic of this week's Wealth Formula Episode. Think of this as the “supercharged” version of a structured sale. Instead of waiting on the buyer for payments, you transfer your asset to a trust, which sells it and invests the proceeds. You get to choose how and when you receive your money, and the trust can invest in all kinds of assets while your taxes stay deferred. It's flexible, it's powerful, and it gives you the chance to grow your money while you wait. Which of these strategies is right for your situation depends on your goals, your assets,

Business owners planning their next chapter often face a tough decision: how to exit without compromising their legacy or selling to private equity.As baby boomers age out of ownership, many are turning to Employee Stock Ownership Plans (ESOPs) for their unique blend of liquidity, tax benefits, and cultural continuity. Yet, understanding the mechanics and long-term impact of an ESOP can feel overwhelming.Join Matt Di Francesco and Kelly Finnell, Premier ESOP Consultant and President at EFS ESOP Consultants, as they explore how ESOPs offer business owners a powerful way to exit on their terms—while turning employees into owners and preserving what matters most.Matt and Kelly also talk about:(02:30) Why are more business owners turning to ESOPs(05:45) What is an ESOP?(06:29) Three key ways ESOPs provide more than just a retirement plan(07:58) How ESOPs provide a powerful performance incentive(08:19) Can a 401(k) and an ESOP work together?(09:33) How are ESOP shares distributed among employees?(10:56) How ESOP shares are valued(12:28) Who should be the trustee of your ESOP trust(19:03) Why 95% of 100% ESOP-owned companies are S-Corps(22:03) What type of business would be a good candidate for an ESOP?(26:26) The four key questions addressed during the ESOP feasibility study() How long does an ESOP feasibility study and implementation take?Connect With Kelly FinnellLinkedIn: https://www.linkedin.com/in/esopcoach/Website: https://execfin.comOrder Kelly's book - The ESOP Coach here: https://www.amazon.com/ESOP-Coach-Ownership-Succession-Planning/dp/0578046997Check out these other resources as referenced in this episode:National Center for Employee Ownership - https://www.nceo.org/The ESOP Association of America - https://www.esopassociation.org/Connect With Matt DiFrancesco:matt@highliftfin.com(814)201-5855LinkedIn: Matt DiFrancescoLinkedIn: High Lift FinancialFacebook: High Lift Financial Instagram: @high_lift_financialYoutube: @highliftfinancialAbout the guest:Kelly Finnell is widely regarded as the nation's premier ESOP consultant, with over 40 years of experience helping business owners design and implement Employee Stock Ownership Plans. He has presented at more than 300 conferences across the U.S. and internationally, sharing his deep expertise in ESOP strategy and succession planning.Kelly is the author of The ESOP Coach: Using ESOPs in Ownership Succession Planning, published in 2010—a definitive guide that continues to be a go-to resource in the field today. He is also an Accredited Investment Fiduciary®, a designation awarded through the Center for Fiduciary Studies at the University of Pittsburgh, demonstrating his commitment to always acting in the best interest of his clients.A magna cum laude graduate of the University of Memphis, Kelly brings both academic rigor and decades of hands-on experience to every engagement. If you're considering an ESOP for your business, Kelly is truly the guy you want in your corner.Disclaimer:All information is obtained from sources deemed reliable, but not guaranteed. No tax or legal advice is given nor intended. Content provided herein or on our website should not be construed as an offer for investment advice or for securities, insurance, or other investment products. Investments involve the risk of loss and are not guaranteed. Consult a qualified legal, tax, accounting, or financial professional before implementing any investments or strategy discussed here.

In this podcast episode, Dr. Jonathan H. Westover talks with Kelly Finnell about the impact of employee-ownership on morale and productivity. Kelly Finnell is a sought-after speaker and leading expert on Employee Stock Ownership Plans. He has spoken at more than 300 conferences and meetings throughout the U.S., London and Sydney, and he is a published author on using ESOPs in succession planning. A trusted resource to business owners and exit planners, Kelly is the author of The ESOP Coach: Using ESOPS in Ownership Succession Planning and the president of Memphis-based EFS ESOP Consultants. Kelly graduated magna cum laude from the University of Memphis and from its law school. Check out all of the podcasts in the HCI Podcast Network!

What if the path to successful entrepreneurship isn't just about finding a compelling market idea, but also about crafting an intentional exit strategy that benefits an entire community? On this episode of The Angel Next Door Podcast, we dive into an unconventional exit strategy that prioritizes employees and community sustainability. Marcia, our host, welcomes Gina Schaefer, a pioneering entrepreneur who transitioned her successful hardware store chain to an Employee Stock Ownership Plan (ESOP), ensuring her legacy and providing her team with a stake in the business – not to mention a nice payout for her and her family.Gina Schaefer, along with her husband Mark, founded what began as a single hardware store in a once-struggling neighborhood in Washington, D.C., and expanded it to a 13-store enterprise under the Ace Hardware cooperative. Her entrepreneurial journey, defined by community revitalization, culminated in a unique exit strategy that included selling a 30% stake of the company to its employees through an ESOP, with plans to eventually transition to 100% employee ownership. Gina's commitment to her team and community shines through, highlighting her innovative approach to succession planning.In this must-listen episode, Gina unravels the process of establishing an ESOP, discussing the transformation it brings to company culture, employee ownership, and wealth generation. Listeners will gain insights into the benefits and complexities of ESOPs, as well as the broader impacts on community and economic structure. By highlighting this thoughtful and community-oriented exit strategy, Gina's story offers a fresh perspective on how entrepreneurship can go beyond personal success to foster community growth and empowerment. To get the latest from Gina Schaefer, you can follow her below!https://www.linkedin.com/in/ginaschaefer-speaker/ Sign up for Marcia's newsletter to receive tips and the latest on Angel Investing!Website: www.marciadawood.comLearn more about the documentary Show Her the Money: www.showherthemoneymovie.comAnd don't forget to follow us wherever you are!Apple Podcasts: https://pod.link/1586445642.appleSpotify: https://pod.link/1586445642.spotifyLinkedIn: https://www.linkedin.com/company/angel-next-door-podcast/Instagram: https://www.instagram.com/theangelnextdoorpodcast/TikTok: https://www.tiktok.com/@marciadawood

Over the next three to five years, Zepto wants to be known as the startup that created the most multimillionaires. Which is why these days, the standard pitch that people applying for VP-level roles at the startup get is as follows: "Would you like to create generational wealth? Think 50-100 crores in just four years." That's what Zepto HR has been promising these applicants. They've been making it seem like bagging a job at Zepto is like winning a lottery ticket. And it's not just bravado. By “generational wealth”, the company means offering Employee Stock Ownership Plans or ESOPs to senior executives, based on their performance. But it comes at a price. Tune in. Listen to 'One Billion in 10 Minutes', our new mini series based on The Ken's inaugural case competition. The Ken app Apple Podcasts Spotify

Are you a business owner considering an Employee Stock Ownership Plan (ESOP) or exploring succession strategies? In this episode of the Finish Big Podcast, Mark Dorman delves into ESOP financing, discussing how bank and seller financing typically work together, and the potential advantages of mezzanine loans. Gain insights into tax implications, the role of ESOP trustees, and how these plans can benefit both the business and the community. This week's guest, Kelly Finnell, President of Executive Financial Services Inc., offers his expertise on ESOPs. He covers essential topics such as the process, timeline, and personal satisfaction involved in executing a successful business transition. Tune into this episode for a comprehensive guide to ESOPs and succession planning. Discover how to navigate these complex transactions and ensure your business's legacy thrives. Don't miss out—listen now! Mark and Kelly discuss: Combining bank and seller financing, and the use of mezzanine loans. Differences in taxation for current pay interest and warrants in seller debt. Ensuring fair market value and commercially reasonable terms in ESOP transactions. The typical changes in the business owner's role, salary, and benefits. The steps and time required for feasibility analysis and transaction implementation. Connect with Mark Dorman: Succession Plus US LinkedIn: Mark Dorman LinkedIn: Succession Plus Facebook: Succession Plus (330)-416-9271 mdorman@succession.plus Connect with Kelly Finnell: LinkedIn: Kelly Finnell About our guest: Kelly Finnell is a leading ESOP consultant and president of Executive Financial Services Inc. Based in Memphis, Tennessee, Kelly specializes in ownership succession planning and has authored “The ESOP Coach.” With extensive expertise in ESOP transactions, Kelly guides businesses through financing, taxation, and trustee responsibilities.

Are you a business owner considering an Employee Stock Ownership Plan (ESOP) or exploring succession strategies? In this episode of the Finish Big Podcast, Mark Gorman delves into ESOP financing, discussing how bank and seller financing typically work together, and the potential advantages of mezzanine loans. Gain insights into tax implications, the role of ESOP trustees, and how these plans can benefit both the business and the community. This week's guest, Kelly Finnell, President of Executive Financial Services Inc., offers his expertise on ESOPs. He covers essential topics such as the process, timeline, and personal satisfaction involved in executing a successful business transition. Tune into this episode for a comprehensive guide to ESOPs and succession planning. Discover how to navigate these complex transactions and ensure your business's legacy thrives. Don't miss out—listen now! Mark and John discuss: Combining bank and seller financing, and the use of mezzanine loans. Differences in taxation for current pay interest and warrants in seller debt. Ensuring fair market value and commercially reasonable terms in ESOP transactions. The typical changes in the business owner's role, salary, and benefits. The steps and time required for feasibility analysis and transaction implementation. Connect with Mark Dorman: Succession Plus US LinkedIn: Mark Dorman LinkedIn: Succession Plus Facebook: Succession Plus (330)-416-9271 mdorman@succession.plus Connect with Kelli Finnell: LinkedIn: Kelly Finnell About our guest: Kelli Finnell l is a leading ESOP consultant and president of Executive Financial Services Inc. Based in Memphis, Tennessee, Kelli specializes in ownership succession planning and has authored "The ESOP Coach." With extensive expertise in ESOP transactions, Kelli guides businesses through financing, taxation, and trustee responsibilities.

Building Legacy and Profit: Exploring ESOPs with Kelly Finnell If you've ever wondered how to sell your business while preserving its legacy and empowering your team, this episode is for you. Kelly Finnell shares decades of expertise to help you understand ESOPs and their role in ownership succession planning. Whether you're planning an exit or looking to create long-term value, this episode will give you the tools to make informed decisions. Host: Marcia Riner, Business Growth Strategist - Infinite Profit® Guest: Kelly Finnell, ESOP Consultant - Executive Financial Services, Inc.     Episode Summary: In this episode of Profit with a Plan, host Marcia Riner dives into the transformative power of Employee Stock Ownership Plans (ESOPs) with Kelly Finnell, one of the nation's premier ESOP consultants and the author of The ESOP Coach. Kelly shares the benefits of ESOPs as an exit strategy, a management transition tool, and a wealth-building opportunity for employees—all while preserving your business legacy. Whether you're exploring liquidity options or considering how to secure your company's future, this episode offers actionable insights to help you make informed decisions. Episode Highlights: [00:01:10] What is an ESOP? Kelly defines ESOPs as Employee Stock Ownership Plans, explaining their dual purpose as an exit strategy for business owners and a retirement plan for employees. Learn how ESOPs differ from traditional 401(k) plans and why they're a unique option in ownership succession planning. [00:06:30] The Key Benefits of ESOPs Kelly breaks down three key features that set ESOPs apart: Borrowing capability for financing transactions. Stock purchase transactions with the business owner. Exclusive focus on the sponsoring company's stock. [00:12:45] How ESOPs Create Win-Win Scenarios Discover how ESOPs align employee efforts with company profitability, creating a sweat-equity-based retirement plan that motivates employees and drives growth. [00:18:30] Timing Your Transition Kelly advises business owners on when to implement an ESOP, emphasizing the importance of starting at least five years before a planned exit. Learn how an ESOP serves as a glide path for ownership transitions and leadership development. [00:22:50] ESOP Suitability for Small and Mid-Sized Companies Kelly outlines the ideal candidate for an ESOP, focusing on businesses with $1M+ in adjusted EBITDA and at least 30 employees. Hear real-world examples of successful ESOPs, including companies like Publix Supermarket and BDO. [00:29:15] Tax Benefits of ESOPs Explore how ESOPs allow companies to operate tax-free, offering significant advantages at both the corporate and shareholder levels. Kelly shares how Congress incentivizes wealth-sharing through ESOPs and why this strategy appeals across political lines. [00:35:00] Dispelling Common ESOP Myths Kelly addresses misconceptions, such as fears of employee-run committees and the complexities of transitioning to an ESOP structure. Gain clarity on how ESOPs maintain effective leadership and governance. [00:40:20] Steps to Get Started with an ESOP Kelly shares actionable advice for business owners considering ESOPs: Evaluate if your company meets the criteria. Build a leadership team to guide the transition. Leverage resources like his book, The ESOP Coach, and ExecFin.com for deeper learning. Call-to-Action: Ready to explore how an ESOP could work for your business? Visit Kelly Finnell's website, ExecFin.com, for more resources, videos, and articles. Check out his book, The ESOP Coach, on Amazon for an in-depth guide.   Subscribe and Share: Make sure to subscribe to Profit with a Plan on your favorite podcast platform and share this episode with other entrepreneurs exploring exit strategies. Your business legacy starts here!   Keywords: ESOPs (Employee Stock Ownership Plans), Ownership succession planning, Exit strategy for business owners, Employee ownership, Business legacy, ESOP benefits, ESOP tax advantages, Small and mid-sized businesses, Retirement planning for employees, ESOP transactions, Selling to employees, Liquidity strategies for businesses, Business succession planning options.   This episode is sponsored by Infinite Profit ® —We don't just talk profit — we deliver it! Is your business ready for explosive growth? Visit InfiniteProfitConsulting.com to learn how Marcia and her team can help you boost profits and set your business up for long-term success.     Grab Your Free Resource: Feeling like you're doing everything right but still not seeing the results you want? It might be time for a fresh perspective. That's why we're offering a Free Growth & Marketing Audit. In one powerful session, we'll uncover opportunities to drive real growth for your business. Ready to make an impact? Visit profitbooster.biz and let's get started!     About Marcia Riner.  She is a business growth strategist who helps business owners dramatically increase their revenue, profit, and the value of their company. In fact, she can show prospective clients a clear pathway to profit and an impactful ROI for working here before hiring her firm. Through her proven Profit Booster® strategies, she gets results. Marcia is the CEO of Infinite Profit® and more information can be found at https://www.InfiniteProfitConsulting.com Got questions?  Reach out to Marcia and her team at (949) 229-2112 ♾️

Patti Plough is the founder of ‘Excel Legacy Group' who specialize in tailored solutions to help their clients achieve their ‘employee-owned stock ownership plan' goals. It was her personal experience of selling her own company through an employee-owned stock ownership plan that led her down the path to start Excel Legacy Group. It is now her passion to educate and assist business owners looking for an exit strategy in realizing the enormous benefits offered through an ‘employee-owned stock ownership plan' program.Here's where to find more:www.excellegacygroup.comhttps://www.linkedin.com/in/pattilploughhttps://www.facebook.com/ploughconsulting___________________________________________________________Welcome to The Unforget Yourself Show where we use the power of woo and the proof of science to help you identify your blind spots, and get over your own bullshit so that you can do the fucking thing you ACTUALLY want to do!We're Mark and Katie, the founders of Unforget Yourself and the creators of the Unforget Yourself System and on this podcast, we're here to share REAL conversations about what goes on inside the heart and minds of those brave and crazy enough to start their own business. From the accidental entrepreneur to the laser-focused CEO, we find out how they got to where they are today, not by hearing the go-to story of their success, but talking about how we all have our own BS to deal with and it's through facing ourselves that we find a way to do the fucking thing.Along the way, we hope to show you that YOU are the most important asset in your business (and your life - duh!). Being a business owner is tough! With vulnerability and humor, we get to the real story behind their success and show you that you're not alone._____________________Find all our links to all the things like the socials, how to work with us and how to apply to be on the podcast here: https://linktr.ee/unforgetyourself

Nov 11, 2024 – With millions of baby boomers retiring annually, a growing number are choosing to sell their businesses. One increasingly popular option, offering potential tax advantages, is selling to employees through an Employee Stock Ownership Plan...

In this episode of the Better Leadership team Show, I chat with Jeremy Huish, VP at Corporate Transition Consulting, about the benefits of Employee Stock Ownership Plans (ESOPs). Jeremy shares his journey from tax attorney to ESOP advocate, explaining how ESOPs benefit business owners, companies, and employees.Jeremy Huish started his career as a tax attorney.  After years of being an attorney and consulting, Jeremy realized that the largest transaction his clients will ever do is to sell their business, and the largest tax bill that these clients face is the tax bill on that business sale.  He then fell in love with Employee Stock Ownership Plans, also known as ESOPs, because that transaction benefits the owner, the company, and all the rest of the employees who never had a chance to own a business.  www.corptc.com Thanks for listening! Connect with us at mike-goldman.com/blog and on Instagram@mikegoldmancoach and on YouTube @Mikegoldmancoach

Jun 10, 2024 – As millions of baby boomers retire each year, many are opting to sell their businesses. One method that is gaining attention and that often carries tax benefits is by selling the business to the employees through an Employee...

Cannabis and Ownership: Exploring ESOP Strategies with Darren GleemanIn this episode of "Thinking Outside the Bud," Bruce Eckfeldt welcomes Darren Gleeman, a financial expert renowned for his ESOP knowledge and financial acumen. Darren serves as the Managing Partner of MBO Ventures, bringing with him a wealth of experience in various ventures, including e-Coupons, GMD Trading, and GB Trading. He is highly regarded for his expertise in ESOPs and is recognized as a prolific angel investor, with notable investments in companies such as Screaming Media (NASDAQ: SCRM), Blackboard (NASDAQ: BBBB), Social Radar, ClassEdu, and Accelerant Manufacturing.Darren's journey in finance began at Wharton, where he developed a strong foundation in quantitative modeling and the scientific method. He founded a firm that pioneered high-frequency trading platforms, demonstrating his ability to leverage technology in the financial sector.Currently, as the managing partner of MBO Ventures, Darren leads a team that specializes in ESOP investment banking. MBO Ventures offers expertise in ESOPs and can provide capital investments alongside company owners and management teams. The firm assists in implementing various exit strategies, including family succession, management buy-outs, or complete sales to employees, ensuring tailored solutions for each client's needs.https://www.linkedin.com/in/darrengleeman/www.mboventures.com

This episode officially kicks off the Season 5 and the expansion of the podcast as a direct resource for Employee Stock Ownership Plans.  The Journey to an ESOP just became better because we are incorporating “& Beyond” to discuss not only pre-esop topics but go beyond that and deal with post-esop topics and issues that come up.  This episode provides a high-level understanding of what is to come and what we have dealt with in the last four seasons.  The value of listening will be to grasp some overall ESOP concepts that may be helpful for you to think about whether you are exploring your own journey to an ESOP or thinking about existing ESOP issues that are beyond the ESOP closing.

It is essential to foster positive relationships with your local workforce and stay compliant with state regulations. One way to do both is through employee stock ownership plans (ESOPs) – an incentive that can potentially have tremendous benefits for corporations operating within Vietnam. In this episode, we explore ESOPs specifically in the context of Vietnam and explain their advantages in maintaining strong corporate relations while carving out financial gains.Our GuestsSesto VecchiSesto has over 35 years of experience practicing law in Vietnam. His expertise includes corporate and commercial law with particular emphasis on foreign investment.He acts for numerous multinational and mid-size investors, both foreign and Vietnamese. He has written and spoken extensively on Vietnamese legal issues.He is a member of the Council on Foreign Relations, was an arbitrator for the Vietnam International Arbitration Center, and a former active duty lieutenant in the US Navy.Dao Hong DiuDiu joined Russin & Vecchi in 2008 upon graduation from law school.Her core areas of practice are corporate and foreign investment.She specializes in foreign based, long-term employee incentive plans sometimes called employee stock option plans ("ESOPs"), offered to employees in Vietnam.She has an interest in the regulation of anti-money laundering as it impacts corporate compliance responsibility in both the financial and non-financial sectors.For more information about labour laws in Vietnam, please visit https://www.russinvecchi.com.vn/

We're not quite done with summer, so we're continuing our annual EO/ESOP Podcast Summer School series. We selected some of our favorite episodes over the past year for your enjoyment while we spend the rest of our summer catching our breath and working on launching our exciting Season 7, beginning September 29, 2023. In this episode, Bret Keisling shared a collection of EO A-ha Moments from previous podcast guests, featuring Ron Scheese of Andesa Services, Samantha O'Neill of Cirtronics, Doug Shukar and Vince Kruse from USA Mortgage, Jenny Levy of Hypertherm, and Kerry Siggins of StoneAge. The EO A-ha Moment isn't the first time someone heard about employee ownership, but rather that moment when they realized that Employee Stock Ownership Plans, worker co-ops, and Employee Ownership Trusts could be transformative. Show notes with links to the full episodes featuring each of the highlighted EO A-ha moments are on our website at https://www.theesoppodcast.com/post/esop-summer-school-37-eo-a-ha-moments-volume-v

In this episode of the Paychex THRIVE Week in Review podcast, host Gene Marks delves into the upcoming increase in minimum wages across several states, including California, and ponders the possibility of a national minimum wage change. Shifting gears, Gene examines the evolving landscape of remote work, highlighting a study revealing that many bosses regret their initial return-to-office decisions. He emphasizes the importance of flexibility and taking employee needs into account when formulating work-from-home policies. Lastly, Gene explores the benefits of Employee Stock Ownership Plans (ESOPs) and their potential advantages for both business owners and employees. He cautions listeners about recent IRS scrutiny of ESOPs, emphasizing compliance and proper setup. Tune in for valuable insights on these timely business topics. DISCLAIMER: The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

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In our latest episode, we take a deep dive into the world of Employee Stock Ownership Plans (ESOPs) with expert, David Blauzvern from CSG Partners Zero, an investment bank specializing in ESOPs. We explore how ESOPs offer liquidity for owners, tax efficiency for companies, and equity for employees, making them a sustainable choice for businesses. David also shares insights on the intricacies of setting up an ESOP, its potential as a game-changer for business acquisitions, and the phenomenal possibility of a company becoming 100% tax-free! Additionally, we discuss the benefits of managing a company with OpenBook management and its positive impact on performance. This episode is a must-listen for anyone looking to better understand ESOPs and their multitude of benefits! Tune in now, and don't forget to subscribe for more enlightening discussions.

In this episode: Withholding taxes from your IRA to cover estimated tax payments. Usings Section 179 instead of Bonus Depreciation. Retirement planning strategies for business owners. Employee Stock Ownership Plans (ESOP) - What they are and when they're a good fit. We also speak with Christopher Baker, P.E., President and CEO of George & Lynch, Delmarva's top infrastructure contractor.  He speaks about the history of George & Lynch and what it takes to reach a business's 100-year anniversary.  He also talks about creating ESOP plans to give employees a greater sense of ownership of the company, how supply chain interruptions impact a business, and what George & Lynch has planned for the future.       

Employee Stock Ownership Plans are reviewed by Lavelle Law attorneys Steven Migala and David O'Leary, both of whom have extensive experience with this business succession option. ESOPs are a mechanism by which owners can sell their business to employees allowing their legacy to be protected. Learn about the advantages of the approach and some of the mechanisms involved in an ESOP transaction.

Selling your business can be an emotional journey, and it's often the lack of knowledge of what comes after that causes anxiety. So, what happens after an exit?Todd Goldman is the managing director of a boutique M&A firm specializing in ESOP advisory. ESOPs, or Employee Stock Ownership Plans, incentivize owners to transition their companies through Congress' 1042 legislation, enabling them to sell tax-free. This conversation covers the challenges and opportunities of private equity transactions and ESFs. Todd also dives into the goals of ESFs, including maintaining a sense of control, stakeholder value, legacy, and market liquidity for the business. Tune in to learn more about exit strategies for business owners and employee stock ownership plans![00:01 - 07:25] Opening SegmentESOP stands for Employee Stock Ownership PlanLouis Kelso pioneered the concept in the 1970s to incentivize business owners to transition in a different way[07:26 - 14:45] ESF Deals for Market Liquidity, Legacy, and Life of RelevancePrivate equity is seen as significant on the front end but can be challenging to work withThe goals for ESFs include legacy, a life of relevance, culture, stakeholder value, and getting market liquidity for the business[14:46 - 20:48] Generational Differences in Employee OwnershipGen Z and Millennials view work relationships differentlyEmployee ownership is attractive to younger generationsRetention rates are higher in employee-owned companies[20:49 - 27:04] Unlocking the Benefits of ESOPsESOPs are an excellent outcome for people-based businessesESOPs are an attractive option for owners who want to transition out of their businessESOPs involve raising third-party financing with a bank and setting up a legal entity[27:05 - 33:51] The Nuances of Business Transition PlanningHaving the right influencers around the table is vital for closely held businessesGoals must be discussed to understand what the business owner wants to accomplish[33:52 - 35:49] Closing SegmentTodd's daily practice: yoga and sleeping wellConnect with Todd through the links belowQuotes:"It's not the ability to keep a hundred dollars in your pocket. If you're thinking about the macro picture for your family, it's legacy. It's a life of relevance, it's the culture, and it's the stakeholder value." - Todd Goldman"Don't put your head in the sand. Get the right people around the table. Do the education while you have time, and then be honest about your goals." - Todd GoldmanConnect with Todd!Website: www.lazearcapital.com LinkedIn: https://www.linkedin.com/in/todd-goldman-81a968149/ Download our FREE Strategizing for Inflation Guide here: https://www.excelsiorgp.com/download/Connect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in, and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Welcome to ValuationPodcast.com, a podcast and video series about all things related to business and valuation. My name is Melissa Gragg, and I'm a mediator and business valuation expert in St. Louis, Missouri. Today we are discussing ESOP and employee-led buyouts insights from a private equity perspective with Michael Koeppel. In his 30 years of experience, Mr. Koeppel has been exposed to a host of industries, but his primary focus is on technology, manufacturing and service organizations. In 2001, he founded eCapital Financing, which specializes in assisting startups and challenged entities to obtain financing. Today, the firm works with a host of companies in both the Los Angeles and Western New York regions, while eCapital Financing currently focuses on investing in startup companies and projects, Lakelet Advisory Group LLC was funded and founded in 2012 to focus on challenged organizations in turnaround situations. Support the show

May 1, 2023 – On today's episode of Lifetime Planning, we have a special guest, Michael Webb from Business Transition Advisors, who sheds light on the fascinating world of ESOPs or Employee Stock Ownership Plans. Michael shares his insights...

What are the alternatives to an ESOP?  One is the EOT or employee ownership trust.  This presents some particular differences to the ESOP that might be part of the consideration early in your journey to an esop.  Chris Michael is the founder of EOT advisors and helps selling shareholders review this as an option to the ESOP.  Chris is a very knowledge professional with an academic background as well.

Economic inequality and lack of good jobs have left many workers, particularly women and people of color, without a fair share of the US's economic prosperity. Despite the significant rise in corporate profits, front-line workers continue to experience low wages and see little returns for their contributions. Research shows that employee ownership, such as employee stock ownership plans (ESOPs), can be a valuable tool in creating better jobs, building wealth for workers, and increasing businesses' resiliency while reducing employee turnover. ESOPs are the most prevalent form of employee ownership in the US, with nearly 14 million workers participating in them. The growth of ESOPs has plateaued over the past decade, but the next decade presents a unique opportunity to expand ESOPs as many business owners retire and sell their companies. Low awareness of ESOPs and the benefits they offer, insufficient assistance and support to help businesses convert to ESOPs, and some regulatory policies pose potential barriers, however, to growing ESOPs. How can we take advantage of this once-in-a-generation opportunity to meaningfully grow the number of ESOPs? What impact could this have on job quality, wealth inequality, and our economy? What policies, supports, and assistance do businesses, including publicly traded companies, need to convert to an ESOP? On April 11, 2023, the Aspen Institute Economic Opportunities Program convened a panel of experts to discuss “ESOPs, Job Quality, and Wealth Inequality: The Potential of Employee Stock Ownership Plans.” This event features a panel discussion with Sean-Tamba Matthew (Stevens & Lee, ESOP Strategies), Noelle Montaño (ESCA), Corey Rosen (The National Center for Employee Ownership), Cindy Turcot (Gardener's Supply Company), and moderator Talmon Smith (New York Times). For more information about this event — including audio, video, transcript, and related resources — visit our website: https://www.aspeninstitute.org/events/job-quality-and-wealth-inequality-the-potential-of-employee-stock-ownership-plans/

Clay Clark Testimonials | "Clay Clark Has Helped Us to Grow from 2 Locations to Now 6 Locations. Clay Has Done a Great Job Helping Us to Navigate Anything That Has to Do with Running the Business, Building the System, the Workflows, to Buy Property." - Charles Colaw (Learn More Charles Colaw and Colaw Fitness Today HERE: www.ColawFitness.com) See the Thousands of Success Stories and Millionaires That Clay Clark Has Coached to Success HERE: https://www.thrivetimeshow.com/testimonials/ Learn More About Attending the Highest Rated and Most Reviewed Business Workshops On the Planet Hosted by Clay Clark In Tulsa, Oklahoma HERE: https://www.thrivetimeshow.com/business-conferences/ Download A Millionaire's Guide to Become Sustainably Rich: A Step-by-Step Guide to Become a Successful Money-Generating and Time-Freedom Creating Business HERE: www.ThrivetimeShow.com/Millionaire See Thousands of Actual Client Success Stories from Real Clay Clark Clients Today HERE: https://www.thrivetimeshow.com/testimonials/

Bret Keisling shares a collection of EO A-ha Moments from previous podcast guests, featuring Ron Scheese of Andesa Services, Samantha O'Neill of Cirtronics, Doug Shukar and Vince Kruse from USA Mortgage, Jenny Levy of Hypertherm, and Kerry Siggins of StoneAge. The EO A-ha Moment isn't the first time someone heard about employee ownership, but rather that moment when they realized that Employee Stock Ownership Plans, worker co-ops, and Employee Ownership Trusts could be transformative. Show notes with links to the full episodes featuring each of the highlighted EO A-ha moments are on our website at https://www.theEsOpPodcast.com/post/236-eo-a-ha-moments-volume-v

In this episode, Rory speaks with Darren Gleeman, Managing Partner of MBO Ventures, to discuss Employee Stock Ownership Plans. Darren shares his journey, from developing a high-frequency trading platform used in 1% of equity trades today to now helping companies implement ESOPs. Listen as he discusses the beneficial tax treatment and why ESOPs are attractive to owners and employees of a corporation. Learn why the government views ESOPs as good public policy and how companies are leveraging them to increase retention rates. Do you want to know how a company can obtain tax-free income? Are you interested in how you can become an owner of the company you work for? Find out the answers to these questions and more in this ESOP episode with Darren Gleeman.

Employee stock ownership plans (ESOPs) offer middle-market business owners an exit option that can protect their legacy and incentivize their employees. David Blauzvern and Jordan Burg, of CSG Partners, explain the basic mechanics of ESOPs. Their easy conversation makes the complexities of this topic clear as they discuss an overview of an ESOP plan, how they are structured, how shares work, the tax benefits for owners and employees, the prerequisites needed, and why ESOPs should be considered a powerful M&A alternative. View the complete show notes for this episode. Learn More: Additional Ways to Market Your Company for Sale M&A Guide | The 4 Types of Buyers of Businesses Business Valuation Standards of Value & Fair Market Value Additional Resources: Get your copy now of A Beginner's Guide to Business Valuation | The Art of the Exit | The Exit Strategy Handbook | Closing the Deal | Acquired Are you selling a business? Schedule a free consultation now. Listen to Other Episodes: The Highs and Lows of Growing A Business Through Acquisitions A Deep Dive Into Real Returns on Investment in the Private Equity World Exit Planning Strategy  

Businesses everywhere are struggling to retain, recruit and build strong teams. John Burgess, a CPA and an Attorney with Shumaker, shares advice and strategies that may help alleviate HR issues that businesses are facing nationwide.   John Burgess joins Tom Kindred, host of Small Biz Florida, and co-host, Dr. Herbert Ricardo, to talk about how Employee Benefits Planning in 2022 can help your business attract great employees and help build a strong and dedicated team. John Burgess makes Employee Stock Ownership Plans very easy to understand by taking a practical approach and simplifying the process for his clients. John also gives an overview of what it's like to build compensation programs for businesses big and small and the critical role these programs play in the organizational culture. – Learn more about Shumaker: https://www.shumaker.com/ – Connect w/ John: https://www.linkedin.com/in/m-john-burgess-30213a11/   For more segments like these, subscribe to Small Biz Florida and Follow the official Small Biz Florida Instagram! This and the following segments were recorded at this year's annual Florida Economic Development Council Conference hosted at the Hilton St. Petersburg Bayfront in St Petersburg, Florida, and cohosted by Dr. Herbert Ricardo, Professor at the School of Business at Indian River State College. – Connect w/ Dr. Herbert Ricardo: https://www.linkedin.com/in/herbert-ricardo-ph-d-91b1ba225/ – To learn more about the FEDC Conference, visit their website here – To visit the Hilton St. Petersburg Bayfront in St. Petersburg, Florida, visit their website here

Tune in to today's episode when our host Mary Vandenack, CEO, Founder and Managing Partner at Vandenack Weaver Truhlsen and her guest Mike Weaver, a managing member at Vandenack Weaver explain Employee Stock Ownership Plans and when they might be beneficial in an exit strategy.  Learn what an ESOP is and how they work, the possible benefits for a company, information about the tax strategies, the role of employees, and much more.  Could this be an exit strategy for your business? A Hurrdat Media Production. Hurrdat Media is a digital media and commercial video production company based in Omaha, NE. Find more podcasts on the Hurrdat Media Network and learn more about our other services today on HurrdatMedia.com. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Join Newton One (Steve Target and Mark Singer) and Rick Jaye, Managing Director Business Transition Advisors (BTA - specializes in the design and implementation of Employee Stock Ownership Plans) for a discussion about ESOPs and the often-overlooked importance about funding repurchase obligations. Rick's extensive experience with ESOPs will provide a comprehensive explanation of the pros and cons of ESOPs, who should and who shouldn't consider an ESOP and a comparison to other options for companies to consider.  Newton One has developed a unique solution to the effective funding of future ESOP repurchase obligations utilizing life insurance products, which is discussed and reviewed.  

Employee Stock Ownership Plans continue to grow in popularity. Today, more and more owners are considering ESOPs as their ideal succession strategy. They realize that it's a great way to empower their team and promote continued business growth – long after they retire. We're going to answer the big question business owners are asking concerning ESOPs: “What's in it for me?” And to help us answer this question, we have ESOP expert, Ted Lape, back with us to dig into the topic.  Listen to this episode of unsuitable to learn: What the various forms of ownership transitions are The current outlook for business owners looking to transition How to prepare for ownership transition and what risks to be aware of Learn more about this topic: Listen https://www.reacpa.com/insight/episode-205-what-is-an-esop-how-does-it-work/ (Episode 205: “What Is An ESOP & How Does It Work?”) Read: https://www.reacpa.com/insight/exit-planning-options-every-business-owner-over-50-should-know/ (”Exit Planning Options Every Business Owner Over 50 Should Know”) Listen https://www.reacpa.com/insight/episode-221-how-to-successfully-exit-your-business/ (Episode 221: “How To Successfully Exit Your Business”) If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (reacpa.com/podcast). 

Today we are joined by Phillip Dedominicis, he is the managing director at Menke & Associates who focus on Employee Stock Ownership Plans that give workers ownership interest in a company. We talk about the benefits of ESOPs, what kind of companies they are suited for, and why you may consider this in the future of your company. Sponsors: iQ Power Tools began by building tools to solve its own jobsite dust problems. Fast-forward to today, the company continues to combine intensive research and industry knowledge, with a completely updated approach. The result? Innovative tools that eliminate dust and water while creating a more efficient workforce. iQ Power Tools envisions a future where their innovation helps create a 100% dust-free environment: jobsites are safer, work practices are healthier... and, the construction industry becomes even more sustainable. Their national War On Dust Tour begins this summer. Visit www.iQPowerTools.com to see when they'll be in your neighborhood. --- Send in a voice message: https://anchor.fm/howtohardscape/message

This week, Victor and Benton spoke with Chris Fredericks, founder of Empowered Ventures, a uniquely structured holding company that is employee owned. In our conversation, we covered: A deep dive on how ESOPs work When ESOPs make sense in a business transition How to implement an ESOP The dynamics present within an employee-owned company What types of companies are best for ESOPs --- Support this podcast: https://anchor.fm/the-circle-of-competence/support

Hi Welcome to ValuationPodcast.com - A podcast and video series about all things related to business and valuation.  My name is Melissa Gragg, a company valuation expert in St. Louis Missouri.  During this episode we will discuss employee stock ownership plans or ESOP plans as an alternative to selling your business with Melissa Beezhack Bizyak. She is an ESOP valuation expert in Pittsburgh, Pennsylvania.  Welcome Melissa!!   Can you provide some basics on ESOPs, as you would explain it to a business owner?   What are some of the reasons to consider an ESOP plan – such as the tax benefits of an ESOP?   What makes a company a good candidate for an ESOP program? What types of advisors should be involved in ESOP transactions and what role do you undertake? What is an ESOP trustee? Understanding that an ESOP is feasible from a financial aspect, is there any other important elements that should exist that make a successful ESOP? What types of information must be given to ESOP participants? Sometimes you hear that ESOPs are challenging or too difficult. Are ESOPs scrutinized or has there been controversy surrounding ESOPs?  Melissa Gragg CVA, MAFF, CDFA Expert testimony for financial and valuation issues Bridge Valuation Partners, LLC melissa@bridgevaluation.com http://www.BridgeValuation.com http://www.ValuationPodcast.com http://www.MediatorPodcast.com Cell: (314) 541-8163   Melissa A. Bizyak CPA/ABV/CFF, CVA Partner - Valuation Services Three Gateway Center, Suite 1800 Pittsburgh, PA 15222 Phone: (412) 338-9313 http://www.gyf.com/ www.linkedin.com/in/melissafaightbizyak/ Support the show (http://valuationpodcast.com)

A few months ago, Ted Lape, a partner at Lazear Capital, https://www.reacpa.com/insight/episode-205-what-is-an-esop-how-does-it-work/ (helped us gain a better understanding of Employee Stock Ownership Plans – or ESOPs). Since then, ESOPs have generated even more interest within the business community, which naturally means there are more questions to answer.  So, to provide additional clarity, we've invited Ted back to tell us why ESOPs have continued to gain momentum and to explain what's in it for the business owner who decides to go this route. Listen to this episode of unsuitable to learn: How selling to an ESOP can fulfill the desire for “significance” and “relevance,” as well as the desire for the features and benefits Why employee productivity, retention, and recruitment are enhanced by an ESOP The financial benefits of an ESOP, both before and after tax Learn more about this topic: Listen https://www.reacpa.com/insight/episode-205-what-is-an-esop-how-does-it-work/ (“Episode 205: What Is An ESOP & How Does It Work?”) Read: https://www.reacpa.com/insight/exit-planning-options-every-business-owner-over-50-should-know/ (“Exit Planning Options Every Business Owner Over 50 Should Know”) Listen https://www.reacpa.com/insight/episode-221-how-to-successfully-exit-your-business/ (“Episode 221: How To Successfully Exit Your Business”) If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast). 

Today I’m talking about ESOPs (or Employee Stock Ownership Plans) with Dave Diehl, CFA. Dave is the CEO of Prairie Capital Advisors (one of the leading ESOP specialists in the country), based out of Chicago. Prairie Captial is unique because of their range of expertise, which covers both ESOPs as well as selling to a private equity firm. They really have the best interest of the client in mind. Dave talks about the basics of ESOPs in layman’s terms so everyone can understand the benefits of this type of exit process. What you will learn: Dave’s background A brief history of ESOPs How is an ESOP an exit process? What does the process of an ESOP entail? How an ESOP gets valued What your roles and responsibilities are when working with a trustee How you get your money (percentage upfront vs. what percentage comes over time) All the tax benefits which come with the ESOP process How ESOPs impact the culture of your business What are the pros of an ESOP? What are the cons of an ESOP? Takeaway: Are you a viable candidate for an ESOP? There are a lot of pros that come with selling to your employees. Links and Resources: Prairie Capital Advisors David Diehl, CFA ARKONA Boot Camp About Dave: Dave Diehl is the Chief Executive Officer of Prairie Capital Advisors. Dave provides closely-held businesses with a complete understanding of the best available options for their ownership transition needs. He expertly executes projects for mergers and acquisitions (M&A), management buyouts (MBO), Employee Stock Ownership Plans (ESOPs), estate planning and other corporate finance purposes. Dave serves as a trusted advisor to a diverse range of clients nationwide delivering highly strategic consultation. With extensive end-to-end management experience and a focus on his clients’ success, Dave helps ensure an exceptional ownership transition experience. Dave is a CFA Charterholder and is on the board of directors of two companies – a manufacturer of plastic parts and a financial consulting firm. He is also a frequent speaker in forums around the country on topics including ownership transition, valuation, capital management, and business sale. He is also a past chair of the Advisory Committee on Valuation with the ESOP Association.

In this ESOP Mini-cast, we talk about the importance of employee ownership as a collaborative effort. In our interviews with employee-owned companies we frequently touch upon the culture of collaboration within an individual employee-owned company, and that culture is key, but in this episode we talk about collaboration with the broader employee-owned community, which includes Employee Stock Ownership Plans and Cooperatives (Co-ops). More resources are available at The ESOP Association (www.esopassociation.org), the National Center for Employee Ownership (www.nceo.org), the Vermont Employee Ownership Center (veoc.org) and the Pennsylvania Center for Employee Ownership (ownershippennsylvania.org/).

With a variety of benefits for business owners and their employees alike, it's really no wonder why Employee Stock Ownership Plans (or ESOPs) continue to grow in popularity. However, it's one thing to read about the pros and cons of this type of succession plan in the latest business journal and another thing entirely to embark on your own ESOP journey. That's why Dave Phillips, President and CEO of Architectural Systems Incorporated, joins this episode of unsuitable to share his first-hand experience implementing an ESOP. We learn why he opted to put an ESOP into play, what the implementation process is like, and what goals they hope the ESOP will help them accomplish. When should a business owner start thinking about their succession plan? Many years before you want to retire! It takes a lot of time to create and implement a succession plan, so it's really never too early to start putting one in place – but it's very easy to discover you're making the decision too late. Dave has given himself five to seven years to build a capable management team and turn operations over to them. If you are a business owner, you will be interested in these topics discussed in this episode: The benefits of an ESOP for both the business owner and their employees. Why implementing an ESOP gives employees more ownership over their day-to-day work and control over their future. How you can finance an ESOP. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We've also included access to additional resources on our website at www.reacpa.com.

Our guest is Patrice Radogna, ASA, CBA, CPA of Valuation Research Corporation (VRC). Patrice Radogna sat down with Bret Keisling at the 2018 Spring Conference of the New England Chapter of The ESOP Association on Friday, March 23rd in Burlington, Massachusets to discuss ESOP valuation.  She steps us through the approaches to the valuation of a company transitioning to employee ownership. You can read the article discussed in the second half of the podcast, "Employee Stock Ownership Plans and the Tax Act", in the March 2018 issue of Practical Tax Strategies,

In episode 40 of Financially Simple, Justin talks to Ben Wells about ESOPs. Ben Wells is an attorney at Law and a certified CEPA. Justin talks to Ben about Employee Stock Ownership Plans or ESOPs - what they are, how they work, and who they're right for. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! BLOG/TRANSCRIPTION:  BLOG: Pros and Cons of Selling Your Business to Employees Using an ESOP TIME INDEX: 00:30 - Ben Wells, Attorney at Law and CEPA 01:05 - ESOP Specialization 01:48 - What Is an ESOP? 04:01 - Why Is the Prevalence of ESOPs So Low? 05:11 - Who Is a Candidate for an ESOP? 07:05 - The Minimum Requirements of a Candidate 08:39 - Are There Criteria for Employees? 10:32 - Company Value vs. ESOP Payout 14:55 - Why Wouldn't Someone Use an ESOP? 16:33 - Do Owners That Continue to Work Lose Out? 17:59 - How Much Does it Cost? 19:30 - Can an ESOP Specialist Work Remotely?   USEFUL LINKS: Financially Simple Financially Simple on Facebook Financially Simple on Twitter Dinsmore.com, Ben Wells __________ BIO: Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers.  Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy.  Neither performance nor client experience, however, were considered.  No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.   The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.   This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.

Critical Mass Radio Show hosted the second ESOP roundtable panel featuring guests Hilary J. Schnieder, CEO of ESOP Corporate Resources and Marc G. Nelson, President of ESOP Corporate Resources. Our guest panelist discuss with Ric the benefits of Employee Stock Ownership Plans and how CEO's and executives of middle market companies can implement these programs and resources into their businesses.