In this session, Barley Snyder attorneys Drake Nicholas and Alex Puskar, along with CPA Mark Caltagirone from Herebin + Company, Inc., will discuss employee stock ownership plans (commonly referred to as ESOPs) which provide a tax-advantageous ownership transition strategy that offers closely held companies the opportunity to seamlessly transfer ownership. They will address pertinent questions such as:
- What makes ESOPs so popular and why has there been such a resurgence of ESOPs as the preferred transition plan?
- How does an ESOP work? Who is in charge? Who benefits?
- Valuation and the ESOP process
- How to determine if an ESOP is the right transition vehicle
Mark Caltagirone, CPA/ABV, Senior Consultant, Herbein + Company, Inc.
Drake Nicholas, Esq., Partner & ESOP Team Chair, Barley Snyder
Alexander Puskar, Esq., Attorney, Barley Snyder