2024 MSCPA Annual Convention: Details

ESOPs as a Succession Strategy

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Thursday, July 18, 2024 @ 1:00pm – 2:00pm
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Description

This session will provide a basic overview of Employee Stock Ownership Plans (“ESOPs”). It will specifically address what companies are well suited for establishing an ESOP, how ESOPs are implemented, and how employees and departing owners alike can benefit from them. The session is intended to provide business and tax advisors with talking points about how an ESOP may be used as a succession planning strategy.

Prerequisites

Basic understanding about business planning and succession is necessary

Highlights

  • Succession Planning
  • Employee Benefits
  • Tax Advantages

Objectives

  • Analyze the key factors influencing the strategic implementation of Employee Stock Ownership Plans (ESOPs) for businesses, emphasizing their suitability, implementation process, and associated benefits for employees and departing owners, within the context of succession planning, employee benefits, and tax advantages, to equip business and tax advisors with comprehensive understanding and effective communication strategies.

Preparation

None

Credits

Category Amount
General 1.00