ESOP 101: What is an Employee Stock Ownership Plan? Is it right for a Family Business?

With Jim Steiker

Of

SES Advisors, Inc.

Employee Stock Ownership Plans (ESOPs) are unique among retirement plans. An ESOP merges the tax benefits of a qualified retirement plan with corporate nuance, and aligns employees’ retirement benefits with corporate goals. This combination of tax-favored employee and corporate benefits is complex. With planning and an expert team of advisors, it can be a win-win scenario for both employees and employers.

Is an ESOP Right for You?


An ESOP can be appealing if you want to reward employees who have helped you build your business, and it can also be used to supplement your firm's 401(k) or other retirement plan.

Why Should A Family Business Consider An ESOP

ESOPs are a tax-favored liquidity strategy that delivers fair value for shareholders.

ESOPs allow for a “low and slow” ownership transition

ESOPs benefit the people who have helped create value in the Company.

ESOPs create tax-favored independent and sustainable companies.

ESOPs create and preserve legacy

James G. Steiker: James G. Steiker is Chairman and CEO of SES Advisors, Inc. and Founding

Partner and Chairman of its sister law firm, Steiker, Greenapple & Croscut P.C.

Jim is a corporate, pension and tax attorney and financial advisor with more than 30 years of experience in Employee Stock Ownership Plans (ESOPs) and other employee ownership matters, focusing primarily on ESOP design, transactions and compliance in entrepreneurial companies.

Jim is the past Chair of the ESOP Association’s Advisory Committee on Finance and currently serves on the ESOP Association Board of Governors. He is also a past trustee of the Employee Ownership Foundation and a past member of the Board of Directors of the National Center for Employee Ownership. He is a frequent speaker and author on ESOP matters and serves as a director of nine ESOP companies.

Jim is a graduate of New York University School of Law, where he was a Root-Tilden-Snow Scholar, and of Wesleyan University.

555 City Ave.,
Suite 910
Bala Cynwyd, PA 19004

215-508-5643

jsteiker@sesadvisors.com

Join The Network of Family Businesses for this fascinating Webinar on Thursday, November 19, 2015 at 11:00 AM Eastern Time, with Jim.

                                                                       

For additional information email: steve@netfamilybusiness.com