Employee Stock Ownership Plans: Pros and Cons
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
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
- 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 Napa, San Francisco, Los Angeles, and New York to cover his national client base. David has more than 20 partners, associates, and paralegals on his team at Hawkins Parnelll Thackston & Young LLP. David and his team assist clients in general corporate matters and in employee ownership, benefit, ERISA, and related business matters, with an emphasis on executive compensation, equity incentive plans, non-qualified deferred compensation, employee stock ownership plans (ESOPs), ESOP transactions, mergers and acquisitions (and related tax planning), and business succession and estate planning. David and his team have defended ERISA fiduciaries, plan sponsors, selling shareholders, and investment advisers in ERISA litigation matters involving ESOPs and business transactions in federal and state courts throughout the country in a wide range of controversies covering ERISA fiduciary responsibilities, ESOP valuation disputes, disclosure obligations, investment issues, non-competition disputes, and tax matters. David has extensive experience in negotiating ESOP, ERISA, and other issues with government regulatory agencies and in representing ERISA fiduciaries and members of Boards of Directors and officers in state and federal litigation throughout the country.
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 regarding the corporate, tax and fiduciary issues relating to ESOPs. She has represented ERISA plan fiduciaries, employers and institutions in connection with legislative and regulatory initiatives relating to the Internal Revenue Code of 1986, as amended, ERISA, the federal securities laws, and the California laws. She has extensive tax expertise relating to tax-exempt entities and all aspects of retirement plan qualification matters as well as fiduciary and corporate governance matters. She represents retirement plan corporate sponsors in a variety of matters, including Internal Revenue Service audits and U.S. Department of Labor investigations. She counsels many ESOP companies and fiduciaries on a range of compliance, best practices and risk management issues, and with respect to various transaction matters.
Rachel J. Markun is a Partner in the Napa office of Hawkins Parnell Thackston & Young LLP. Rachel advises clients …
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Method of Presentation:
On-demand Webcast (CLE)
NASBA Field of Study:
NY Category of CLE Credit:
Areas of Professional Practice
2.0 CPE (Not eligible for QAS (On-demand) CPE credits)
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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.