Employee Stock Ownership Plans: Pros and Cons
Overview:
More companies are considering employee stock ownership plans (ESOP) to liquefy accumulated equity without relinquishing control of the companies or jeopardizing the jobs of valued employees. The Knowledge Group is hosting a live webcast to help companies understand the Advantages and Disadvantages of an Employee Stock Ownership Plans in 2015.
In this two hour webinar, the panel of skilled practitioners will provide an overview of ESOP structuring, administration, the tax implications, accounting and disclosure issues, common misconceptions, and recent litigation risks due to changes in ESOP accounting rules and fair value disclosures. The agenda will include:
- ESOPs: Overview and Trends
- ESOP Vs. Other Retirement Plans
- Rulings: IRS PLRs, DOL Advisory Opinions & FABs, IRS TASM, and ESOP Cadre Guidance
- ESOP Advantages and Disadvantages
- Monetary Consequences: Employees and Companies
- Compliance and Monetary Risks for Participants
- Non-Compliance Sanctions for Employee Benefit Plan Rules
- Widely Held Misconceptions
Agenda:
Hawkins Parnell Thackston & Young LLP
Hawkins Parnell Thackston & Young LLP
- How does a business owner sell his or her company to an employee stock ownership trust (an “ESOT”)?
- How does a business owner defer his or her capital gains taxes on a sale to an ESOT?
- What substantial tax deductions are available to a corporation that sponsors an ESOT and related employee stock ownership plan (an “ESOP”)?
- How does an ESOP plan sponsor align the company’s interests with those of its employees and create an employee ownership culture through the use of an ESOP?
- What are the regulatory issues related to an ESOP and an ESOT transaction?
- What are the key corporate governance issues involved with ESOPs?
- What is the profile of an ideal ESOP candidate?
Who Should Attend:
- Benefits Managers
- Compensation and Benefits Consultants
- Employee Benefits Attorneys
- Employees
- Retirement Plan Financial Professionals
- Retirement Plan Practicing Lawyers
- Tax Advisers
- Tax Preparers
- Tax Compliance Officers
- Private and Public Companies
- Other Related/Interested Professionals or Organizations
David R. Johanson is Partner-in-Charge of the Napa office of Hawkins Parnell Thackston & Young LLP. He has offices in …
Rachel J. Markun is a Partner in the Napa office of Hawkins Parnell Thackston & Young LLP. Rachel advises clients …
Course Level:
Intermediate
Advance Preparation:
Print and review course materials
Method of Presentation:
On-demand Webcast (CLE)
Prerequisite:
NONE
Course Code:
144858
NASBA Field of Study:
Personnel/HR
NY Category of CLE Credit:
Areas of Professional Practice
Total Credits:
2.0 CLE
2.0 CPE (Not eligible for QAS (On-demand) CPE credits)
Login Instructions:
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About Hawkins Parnell Thackston & Young LLP
Over the last half century, Hawkins Parnell Thackston & Young LLP has grown to include more than 150 lawyers in nine offices located in Atlanta, Austin, Charleston, Dallas, Los Angeles, Napa, New York, St. Louis and San Francisco. HPTY attorneys represent some of America’s largest corporations, small local businesses and individual clients in high risk litigation and business disputes across the country. While trial success has always been a hallmark of the firm, our attorneys are well equipped to serve their clients’ interests to the best result possible. HPTY offers the resources and experience to tailor and execute the most well-informed defense for each of the firm’s clients in any jurisdiction whenever the need arises.
Website: http://www.hptylaw.com/