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Every firm will face a time when the current owner(s) is ready to leave the day-to-day operation of the firm. An employee stock ownership plan (ESOP) can help successful A/E firm owners avoid having to sell or close their firm as they enter retirement. An ESOP also gives owners a tool to reward and motivate the employees that factored into the firm's success. Using an ESOP provides an attractive alternative enabling the firm to remain intact both operationally and with respect to its customers and employees. Furthermore, equity ownership in the firm is spread among all employees which typically results in greater operational efficiencies and greater employee retention. The session will educate principals on tax-advantaged methods to create liquidity for retiring principals while transitioning firm management to the next generation and creating a firm culture of equity participation and ownership. Don't miss this great chance to educate your principals on how to access favorable terms in the capital markets!
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Every firm will face a time when the current owner(s) is ready to leave the day-to-day operation of the firm. An employee stock ownership plan (ESOP) can help successful A/E firm owners avoid having to sell or close their firm as they enter retirement. An ESOP also gives owners a tool to reward and motivate the employees that factored into the firm's success. Join ZweigWhite and Erin Turley, partner with Morgan, Lewis & Bockius LLP for Transitioning A/E Firm Ownership Through an ESOP and find out how to use an employee stock ownership plan as a means of succession and transition. This 90-minute recorded webinar will discuss how to structure and implement a management-led leveraged ESOP buy-out (“LEBO”) as an alternative to traditional LEBO liquidity strategies and sales to third parties that can enhance financing capacity, shorten payout times, and yield a better return to and a better result for management. Using an ESOP provides an attractive alternative enabling the firm to remain intact both operationally and with respect to its customers and employees. Furthermore, equity ownership in the firm is spread among all employees which typically results in greater operational efficiencies and greater employee retention. The session will educate principals on tax-advantaged methods to create liquidity for retiring principals while transitioning firm management to the next generation and creating a firm culture of equity participation and ownership. Don't miss this great chance to educate your principals on how to access favorable terms in the capital markets! Attendees of this webinar will learn: - The tax-favored alternatives to a third-party sale
- How to create liquidity for retiring professionals on a tax-favored basis
- How to implement a successful and viable business succession plan
- Broad-based equity ownership plans to engender employee buy-in and retention
- How to position firm to access greater capital availability
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Erin Turley
Partner
Morgan, Lewis & Bockius LLP Erin Turley is a partner in the Employee Benefits and Executive Compensation Practice with Morgan, Lewis & Bockius LLP. Ms. Turley focuses in the area of ERISA with respect to employee benefits that focus on equity ownership including qualified plans, non-qualified plans, welfare benefit plans, and executive and deferred compensation. Ms. Turley focuses on advising employers in the design, implementation, and administration of tax-qualified and nonqualified retirement plans and representing clients before the Internal Revenue Service and the Department of Labor in audit and correction matters. Ms. Turley has extensive experience in advising employers with respect to issues raised in connection with corporate mergers, acquisitions, and divestitures as they relate to the various benefit plans maintained by the affected corporate entity or entities. Ms. Turley also has extensive experience in employee stock ownership plans (ESOP) and has been involved in numerous ESOP transactions including leveraged buyouts, mergers, acquisitions, and the structuring and financing of ESOPs using private equity. Ms. Turley is a member of the valuation committee for the National ESOP Association.  ZweigWhite is registered with the AIA Continuing Education System (AIA/CES) and is committed to developing quality learning activities in accordance with CES criteria. For more information, please visit www.aia.org
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