The Sale of Stock in a Closely-Held Business to an ESOP - 2010 Video Webcast

3.5 MCLE credits

An ESOP provides a highly tax-efficient vehicle for a business owner to sell all or a portion of his business that may be otherwise illiquid or has no established market, thereby permitting the business owner to diversify his asset holdings and significantly reduce investment risk. An ESOP is also an employee benefit plan that allows a business owner to attract and retain key personnel. Alone among qualified employee benefit plans, an ESOP can also borrow money from or on the credit of the employer, provided the ESOP uses the money to buy employer stock.

This program focuses on key practical and strategic aspects of employee stock ownership plans (ESOPs) that business owners, and their counsel, may come to contemplate and implement.

A highly experienced faculty from diverse professional backgrounds explain the overall structure of a leveraged ESOP transaction, including the objectives in establishing an ESOP, the tax benefits available in an ESOP transaction, the financing aspects of an ESOP transaction and the special ESOP valuation requirements.

This program is also approved for 3.5 CPE credits for New York and New Jersey CPAs.


Program Topics

• Overall Structure of a Leveraged ESOP Transaction
• Financing Aspects of an ESOP Transaction
• Valuation Aspects of ESOPs
• ESOP Accounting

Program Faculty

* Stanley E. Bulua, Esq., Danziger & Markhoff LLP, White Plains (Chair, Moderator and Speaker)
* Jeffrey Gluck, Managing Director, CBIZ Mahoney Cohen, New York City
* Larry Kaplan, Managing Director and Founder, Corporate Solutions Group, LLC, New York City
* Kenneth J. Pia, Jr., CPA, ABV, ASA, CBA, Meyers, Harrison & Pia, LLC, New Haven, CT

2010 NYSBA CLE Webcast Archive

This program was recorded on February 3, 2010.

This archived webcast is a video online program that you will view and listen to on your computer screen. The program code for each topic that you write on the included MCLE Form only appears on the screen and is not announced by audio.