Employee Stock Ownership Plans as a Business and Tax Planning Vehicle
Leveraging ESOPs for Business Succession and Estate and Retirement Planning
Recording of a 110-minute CLE teleconference with Q&A
Conducted on Wednesday, January 25, 2012
Recorded event now available
This teleconference will provide tax advisors with a review of the use of ESOPs for business succession, and estate and retirement planning purposes. The panel will discuss how to structure the ESOP and analyze tax consequences for the business owner, shareholders and employees.
Description
Employee stock ownership plans (ESOPs) are popular forms of deferred compensation plans and can be effective tools for business succession, and estate and retirement planning purposes. ESOPs provide tax advantages for the business owner seeking to plan for retirement while retaining control of the business.
Structured properly, ESOPs can enhance the company’s liquidity, preserve working capital, reduce a business owner’s income tax burden, provide the business with tax deductions and offer tax deferred income to key employees.
Listen as our authoritative panel of legal advisors provides practical and strategic advice on using ESOPs as tax and retirement/estate planning vehicles for business owners.
Outline
- Advantages of ESOP as a deferred compensation plan
- Business succession
- Estate and retirement planning
- Structuring the ESOP
- Tax attributes and consequences
- Impact to business entity
- Impact to business owner
- Impact to employee/shareholder
Benefits
The panel will review these and other key questions:
- How can business owners leverage ESOPs for a business succession vehicle?
- What tax advantages do ESOPs offer the business owner and his or her company?
- What are some of the pitfalls in structuring ESOPs and how can counsel best avoid these pitfalls?
- What estate planning advantages do ESOPs offer business owners?
You will understand how to use ESOPs for business succession, estate and retirement planning purposes. You will understand how to structure the ESOP and analyze tax consequences for advising business owners, shareholders and employees.
Faculty
Anthony J. Jacob,
Partner
Hinshaw & Culbertson, Chicago
He is engaged in general corporate practice, including various aspects of private merger, acquisition, divestiture and employee benefit matters. His practice includes secured and unsecured lending transactions, asset securitization and structured finance, ESOP loans, debt and equity offerings, corporate reorganizations and restructuring, joint ventures and syndicated financing transactions.
Anthony E. Antognoli,
Partner
Hinshaw & Culbertson, Chicago
He focuses his business practice in the representation of large and mid-size clients in the areas of federal taxation, employee benefits, ERISA and general corporate matters. He primarily counsels clients regarding transactional matters, but has also represented clients in controversies before the IRS and DOL, and in litigation in the US Tax Court and the Northern District of Illinois.
Mary Josephs,
Executive Managing Director
Verit Advisors, Chicago
She is Founder and CEO of Verit Advisors, a specialized middle market investment banking firm. She is a nationally recognized leader with over 28 years experience with ESOPS as a specialized solutions-oriented succession and liquidity transaction for middle market companies and has advised, structured and closed over 200 financings, most of which have supported ESOP transactions.
Ordering
Online CLE - Audio Recording
Includes audio streaming of full program plus handouts (available 24 hours after live seminar).
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CLE:
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Available 24 hours after the live event
Recorded Event
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CPE: Self-study CPE is not offered on recorded events.
CLE: Pre-approved for self-study credit in: AK, AZ, CA, CT, HI, MO, MT, NY, TX, VT, WA, WV. Upon request, self-study credit is also available in: CO, FL, GA, ID, KY, ME, ND, NE, NH, NM, NV, OR, UT, WI, WY. If you are applying for self-study credit in one of these states, contact Strafford CLE at 1-800-926-7926 ext. 35 or CLE@straffordpub.com.
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Available 24 hours after the live event
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Available ten business days after the live event
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Customer Reviews
I liked the combined depth of information and speed of presentation. Well done!
Andre Dalbec
SAANYS
The speakers were knowledgeable and presented useful information.
Karen Shaffer-Levy
Reed Elsevier
I liked the quality of the speakers and their knowledge of subject matter.
James Nemmers
Shuttleworth & Ingersoll PLC
Good handouts and up to date references.
Andrew Davis
Lieben Whitted Houghton Slowiaczek & Cavanagh
The webinar was very informative on very pertinent matters and had a good flow.
Noam Wiener
Allen & Overy LLP
Litigation Advisory Board
Partner
K&L Gates
Counsel
O’Melveny & Myers
Partner
SNR Denton
Shareholder
Capes Sokol Goodman & Sarachan
Partner
Baker & Hostetler
Partner
Mayer Brown
Partner
Winston & Strawn
Partner
Akin Gump Strauss Hauer & Feld
Robert B. (Barry) Wiggins
Director
Deloitte Financial Advisory Services
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