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Comparing ESOPs to M&A Transactions | (160805N) |
Course CPE: 1 hour Field of Study: Practice Management Program Level: Overview Prerequisites: None required. These overview programs may be appropriate for professionals at all organizational levels. Advanced Preparation: None Delivery Method: Self-Study |
Item
Number: 16PEP0805
Shipping Weight: 0lbs. 0oz. |
Price:
$95.00 |
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Recording Date: August 5, 2016
Presenter: Kelly Finnell; Andrew Holmes
Program Description:
The aging of the baby boom generation has resulted in a large and increasing number of business owners considering ownership succession and liquidity alternatives. While many business owners will pursue traditional strategies such as a sale to a third-party, a management buyout, or leveraged recapitalization, for some business owners a sale to an employee stock ownership plan (ESOP) will be an attractive alternative. ESOPs impose a legal requirement that the subject company's stock be valued as of the date of the transaction and annually thereafter. In this five-part webinar series, you will learn ESOP basics, valuation, legal, accounting, and finance considerations from a group of the top ESOP professionals in the United States, concluding with a discussion of case studies.
This webinar discusses the options that a business owner has when developing an ownership succession planning strategy and planning a liquidity event, including a sale to a third-party, such as a strategic buyer or a private equity group, and a sale to an employee stock ownership plan (ESOP). This webinar compares third-party sales to ESOP transactions by using real-world case studies.
After completing this course, you will be able to:
- Identify the critical similarities and differences between a sale to a third-party and a sale to an ESOP.
- Identify characteristics of business owners and companies that make them attractive candidates for an ESOP transaction.
- Differentiate when an ESOP might not be the best liquidity strategy.
- Recognize and summarize the ESOP implementation process.
- Analyze the cost of a third-party sale to the cost of an ESOP transaction.
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The Consultants’ Training Institute (CTI) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
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