The Sale of Stock in a Closely-Held Business to an ESOP - 2010 Video
3.5 MCLE creditsAn 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
* 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.
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