Professional Development Academy: ESOP as a Business Ownership Succession Strategy

Date: 5/17/2012
Time: 8:00 AM TO 9:30 AM

Cedar Rapids Metro Economic Alliance
424 1st Ave NE
Cedar Rapids, IA 52401

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Event Description: ESOP as a Business Ownership Succession Strategy

Congress likes ESOPs. Iowa Legislature likes ESOPs. Recent proposed legislation is favorable to ESOPs. But what does that mean for you?

Join us for breakfast and our Professional Development Academy on Tuesday May 17! This session, we'll learn how business owners can use the "Employee Stock Ownership Plan (ESOP)" as an efficient tax strategy to facilitate an inside sale of their business to management.

This event will answer the following questions:

How Are ESOP’s Normally Structured? (Leveraged and Non-Leveraged, Partial or Full Sale to ESOP)
How Are They Very Tax Efficient Benefiting Both Sellers and ESOP Participants? We’ll Explain Recent Iowa Tax Legislation Favorable to ESOP’s.
How Do They Facilitate Sales of a Business to Management Keeping It Locally Owned?
What Characteristics Make a Business A Good Candidate for an ESOP?
What Are the Roles of an ESOP Financial Advisor, ESOP Trustee, and ESOP Administrator?

Attendees will hear from experienced guest speakers who will focus on ESOP opportunities-leveraged, non-leveraged, partial or full sale.



Jim Schmitt
Integrus Consulting LLC, former CEO of 100% ESOP Owned Van Meter Industrial

Steve Hammes, CPA, ABV
Integrus Consulting LLC

Michael Harden
ESOP Consulting Services, Eureka Capital

Neil Brozen
BTC ESOP Services






Directions:

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