ESOPS
Who is an ESOP right for?
High-level, what is an ESOP, and how does it work (both on the transaction, and post-closing – what the trustee’s involvement looks like)? Majority vs. minority ESOPs – and why someone might think about each? And, who are members of the team (and roles) needed to complete a successful sale to an ESOP transition?
Learning Objectives
- Understand what an ESOP is and how they work
- Distinguish majority vs. minority ESOPs
- Who needs to be involved to successfully transition to an ESOP
Thank you to our Sponsors
Event Location
Event Details
Who Should Attend?
-
Attorneys
You have close relationships with clients, and can benefit from being the first advisor to introduce the idea of exit planning.
-
CPAs/Accountants
Owners participating in the State of Owner Readiness research continue to indicate that you are the No. 1 "Most Trusted Advisor." You are a natural fit to lead the exit planning team and deepen your relationship (and retention) of next generation owners.
-
Wealth Managers
You’re a skilled relationship person. Being entangled into your clients’ professional lives matters as you build a strategy to manage their wealth upon them harvesting it from their business. Exit planning allows you to build a deeper relationship with your client, expands your COI network, while giving you an early seat at table well before the liquidity event.
-
Financial Advisors
One of the critical ‘legs of the stool’ is personal financing planning. An owner must have a strong financial plan & contingency plan post-transition to enable them to thrive in the next act of the lives personally and financially. Exit planning brings this future mindset into the present. Exit is now.
-
Valuation Analysts
Valuation is both a billable engagement AND an opportunity to provide owners some perspective on how to accelerate value drivers (and deal with value killers). Use exit planning to make that valuation into a longer term value acceleration engagement.
-
Investment Bankers
Only 2 of every 10 businesses that come to market actually sell. Learn how exit planning can bring attractive AND ready business to your purview.
-
Estate Planners
Exit planning is a natural fit for estate planners who want to operate more holistically with their owner clients.
-
Strategic Consultants
One of the most critical roles in exit planning is building transferable value. Strategic consultants have the ability to expand options and drive rapid business value that affect performance today.
-
Insurance Professionals
Exit planning addresses the 5 D's. So do you. Approach the risk conversation differently with exit planning.
-
Mergers & Acquisition Advisors
Proper exit planning causes less deals to fall through at the last minute. Connect with CEPAs to build your healthy deal flow network.
-
Commercial Lenders
One of the best relationships a business owner makes is with their banker. How can you help your corporate clients think about the future and ensure financial continuity? Answer: exit planning.
-
Family Business Advisors
More than 50% of lower middle market business owners would prefer to transition to the next generation. Help them succeed with exit planning strategies.
-
Other Professional Advisors
Regardless of your unique specialty, there is seat at the exit planning table for you. Learn more at www.EarnCEPA.com.
EXIT PLANNING IS GOOD BUSINESS STRATEGY
The Exit Planning Institute, provides Financial Advisors, Accountants, Consultants, and other advisors of business owners with the critical education to differentiate themselves and add value to their existing client relationships through a credential, conference, courses, and content. Download the CEPA brochure for more information.
ABOUT THE PRESENTER
Meet William Wersel:
I grew up in a small business family and always thought I would end up being a landscape architect, just like my father. That all changed in 2008, when my father sat me down and discouraged me from getting into the family business. One thing he did tell me though; was to find a career to help entrepreneurs like he and my grandfather. From that point on, I knew I wanted to be a Commercial Banker. With that in mind, I went to Bellarmine University in Louisville Kentucky and received a Major in Financing and a Minor in Accounting. After graduating in 2013, I moved back home to Cincinnati and have been in Commercial Banking ever since. At First Financial Bank, my primary focus is helping my clients build wealth and strengthen their business through consultative services and different forms of financing. My typical client is a privately owned business ($3-100mm in revenues) looking for an attentive financial partner to help make banking easy. Helping people is my passion and banking is my platform to do so. Product offerings include: Operating lines of credit, term loans to fund equipment purchases and acquisitions, owner occupied real estate loans, treasury management, SBA lending, ABL lending, foreign exchange services, and interest rate SWAPS. I currently reside in Madeira with my wife Kelly, son Grady, daughter Elwood and dog Riley. We’re expecting another child in July 2022. When I am not working or spending time with my family, you can find me doing anything outdoors, such as: running, hiking, landscaping, and boating. I am also actively involved with several organizations: Archbishop Moeller High School Alumni Board, Association for Corporate Growth YACG Board, Professional Leadership Network Mentorship Program and now CEPA’s Cincinnati Chapter.