Air Date: May 1, 2014
Recording at http://www.mhmcpa.com
Case Studies and Factors to Consider in Succession Planning
As we look at today's economy, there is a significant population of businesses that are owned by baby boomers. These companies will undergo ownership transition in the near future and need to understand options available for succession planning. More companies are starting to look at Employee Stock Ownership Plans (ESOP) as a transition strategy as well as a way to broaden ownership and further incentivize top management.
This webinar will explain the main financial and tax advantages, ERISA requirements and potential disadvantages of ESOPs, including illustrative case studies on several different companies representing manufacturing, distribution and architecture industries. We will discuss basic company profiles and financial data, along with organizational structure and current benefit plan offerings for employees. From there we will move into a succession planning conversation and look at what factors from these case studies are important when considering whether an ESOP or other alternatives might accomplish a company's succession and financial objectives.