Employee stock ownership plans (ESOPs) offer a potentially valuable alternative for business owners who wish to sell or otherwise transfer ownership of their companies. Potential tax reduction and tax deferral are two of the primary advantages of selling to an ESOP. However, as with all options for selling or transferring a business, ESOPs are not the right fit in every situation. This webinar will address the general strategies and procedures for selling a business to an ESOP and the potential advantages and disadvantages of ESOPs. Upon completion of the course, you’ll be able to:
- Describe how ESOPs are established and operated
- Discuss how an ESOP can be used to buy all or part of a business
- List advantages and disadvantages of a sale to an ESOP, including
- Tax advantages to those who sell to an ESOP
- Tax benefits of an ESOP to an ESOP-owned company
- Non-tax advantages and disadvantages of selling to an ESOP
- Non-tax benefits and costs of an ESOP to an ESOP-owned company
- Explain how selling to an ESOP compares to other alternatives for a sale or transfer
CPE Credit: Participants can earn up to 1.5 CPE credits in the Taxes field of study. Please note that CPE credit is only available for viewing the live program.
CLE Credit: Attorneys can earn CLE credit for this course.
Program Level: Beginner
Advance Preparation: None
Instructional Method: Group: Internet-based
National Registry of CPE Sponsors: Clear Law Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.