ESOPs have attractive tax and investment benefits for sellers, but what really goes into this process, and how do you know if this course is right for your business? Join us with leading experts on what this process can mean for succession planning and how best to help clients navigate with all parties involved. Explore the intricate details of ESOP implementation and the considerations involved in determining its suitability for your business model. The expert insights provided will equip you with the knowledge needed to guide clients through a strategic succession plan tailored to their unique needs and goals.
Learning Objectives:
- Most notable benefits & drawbacks to ESOPs
- Case Study discuss
- Language all parties can use to help bring better outcomes to clients
About the Presenters:
Hear from industry experts Andrew Cates, CPA, National Tax Partner, Moss Adams, Grant Newton, CPA, Federal Tax Senior Manager, Moss Adams, Jerry Ripperger, National Vice President, ESOP Consulting, Retirement & Income Solutions, Principal, and moderated by Deena Bell, Vice President, Retirement Solutions, Principal.
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Who Should Attend?
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Attorneys
You have close relationships with clients, and can benefit from being the first advisor to introduce the idea of exit planning.
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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.
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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.
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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.
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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.
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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.
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Estate Planners
Exit planning is a natural fit for estate planners who want to operate more holistically with their owner clients.
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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.
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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.
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Insurance Professionals
Exit planning addresses the 5 D's. So do you. Approach the risk conversation differently with exit planning.
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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.
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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.
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Private Business Owners
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Other Professional Advisors
Regardless of your unique specialty, there is seat at the exit planning table for you. Learn more at www.EarnCEPA.com.
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Members of Family Business Boards
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Professional Advisors
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Business Consultants
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Other Business Professionals
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Business Owners
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Business Owners & Their Trusted Advisors
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 Deena Bell:
As the VP of Retirement for Principal® in the Pacific Northwest, Deena works closely with plan sponsors, COI’s, and financial professionals to help provide services to clients around their retirement benefits package including 401(k), ESOP, Non Qualified plans and equity compensation solutions. Deena has over 20 years of experience in the retirement plan industry, 17 of which have been with Principal. Deena lives in Issaquah with her husband and 2 kids. She grew up in Arizona and has fallen in love with the Pacific Northwest where she can ski in the winter and mountain bike in the summer.
Meet Andrew Cates, CPA:
Andy has worked in public accounting with Moss Adams since 1995. He is a leader in our Tax Services practice and is the firmwide leader for public and private company financial statement reporting of income taxes (ASC 740). He also specializes in the areas of share-based compensation, internal controls, and valuation allowances. Andy has been awarded the firm’s Technical Excellence Award for tax services twice—once in 2005 and again in 2010.
His experience includes:
- Conducting researching and planning for individual and corporate tax issues
- Reviewing tax returns and tax-related disclosures to financial statements for public and private companies
- Implementing and testing internal controls and SOX 404 reporting requirements related to income taxes for public (accelerated and nonaccelerated filers) and private companies
- Developing tax planning strategies and reorganizations
- Representing clients before the IRS and state tax agencies
His areas of focus include large corporate and partnership consolidations, formation and operation of public, private, and employee-held companies and limited liability corporations, and acquisition and liquidation or sale of domestic and international businesses.
Meet Grant Newton:
Grant has worked in public accounting with Moss Adams since 2018. He focuses on providing income tax planning, federal and state and local tax compliance, and other tax-related services for flow-through entities, such as S Corporations, LLCs, and Partnerships.
His clients include general contractors, resort and hospitality businesses, and real estate development entities. Grant demonstrates proficient experience in asset and depreciation analysis, cost segregations, stock basis and transaction planning and his practice includes an emphasis in helping clients navigate the tax complexities associated with business sales involving Employee Stock Ownership Plans.
Through close collaboration with his clients, Grant helps with providing practical and unique solutions to help achieve his clients' business needs and goals.
Meet Jerry Ripperger:
As an advocate for owners and employees of growing businesses, Jerry tours the country educating advisors on serving their business-owner clients. Currently he focuses on implementing employee stock ownership plans (ESOPs) and equity compensation plans (both long term incentive plans and employee stock purchase plans.
Jerry is an industry-recognized benefits spokesperson and author with articles published in numerous trade publications. He’s also been quoted by the Associated Press, New York Times, BusinessWeek, Forbes, CNN/Money, Dow Jones, and Wall Street Journal.
For more than 30 years, Jerry has been consulting with advisors and businesses on benefit programs including consumer-driven health care, health savings accounts, health reimbursement arrangements and wellness programs. Jerry has degrees in management, economics and business from the University of Northern Iowa and Drake University.