A Basic Primer on Employee Stock Ownership Plans (ESOPs)
Employee stock ownership plans are tax-advantaged qualified employee benefit plans that continue to rise in popularity among companies and employees, particularly in the context of succession planning. This course provides a broad introduction to ESOPs for the many attorneys that encounter them in practice. Learn how ESOPs work, explore the pros and cons of using them, and discover what it takes to set up an ESOP - register today!
Learn the what, why, and how of ESOPs.
Understand tax benefits and consequences for companies and employees.
Discover how to set up an ESOP.
Get tips for overcoming governance challenges.
Learn strategies for succession planning with ESOPs.
Who Should Attend
This course is designed for attorneys. Accountants and paralegals may also benefit.
NBI, Inc. 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 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.nasbaregistry.org.This program is designed to qualify for 1.0 hours (based on 50 minute credit hour) of continuing professional education credit for accountants. For more information regarding administrative policies such as complaint, refund and program cancellation, please contact our offices at (800) 930-6182.
This is a Basic level program presented in a group internet-based setting. No advanced preparation or prerequisites are required.Upon completion of this course, attendees should be able to: 1. Describe what an ESOP is. 2. Explain a tax benefit that applies to ESOPs. 3. Recall how a business owner could transfer ownership to an ESOP.Field(s) of Study -- Business Law.
ERIC FLICKINGER is a manager in the business valuation and litigation consulting group with Apple Growth Partners (AGP). Mr. Flickinger has performed hundreds of business valuation engagements of closely-held companies for nearly ten years. Valuations have been provided for purposes of employee stock ownership plans, estate and gift tax, litigation support, and corporate planning. He performs appraisals of companies operating in a wide variety of industries, including manufacturing, distribution, healthcare, food service, and professional service firms. Mr. Flickinger is a member of the ESOP Association, National Center for Employee Ownership, and Ohio Employee Ownership Center. He earned his B.A. degree from the University of Akron and his C.P.A. degree from Accountancy Board of Ohio.
MATTHEW J. SILLA, ASA, CFA, is a senior manager with Apple Growth Partners. AGP is a full-service CPA firm focused on helping privately held businesses grow. He is part of the firm's business valuation and litigation support team, which consists of nine full time employees and completes more than 200 engagements per year. Mr. Silla focuses his areas of concentration on the valuation of privately owned businesses, ESOPs, intangible assets, and stock options, as well as financial market and industry research, financial modeling, and company specific financial performance analysis. He is a member of the Chartered Financial Analyst Institute and the American Society of Appraisers. In addition to serving as a senior member of the firms ESOP team, Mr. Silla heads the firm's financial reporting valuation practice. He earned his B.A. degree with a concentration in finance from Baldwin Wallace University.
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