Employee Stock Ownership Plan (ESOP)
Event Location:
Buckingham Doolittle Burroughs LLC
Patrick Egan, a partner with Buckingham, Doolittle & Burroughs, will provide an overview regarding the ability to utilize an Employee Stock Ownership Plan (ESOP) as a business succession tool. The presentation will summarize what is an ESOP and how an ESOP is created. Further, Mr. Egan will discuss the various benefits to both the owners and their employees when selling a business to ESOP. This includes a discussion on the ability of owners to defer (and potentially completely eliminate) the recognition of capital gains taxes related to the sale of the business to an ESOP by utilizing the provisions of Section 1042 of the Internal Revenue Code. Further, he will discuss the benefits to the employees who are working for an ESOP-owned business.
**Program will be in the BDB Conference Center which is located in Suite 190 on the first floor. Once you enter the lobby, the conference center is down the hall to the left.**
Agenda:
11:30 am | Registration and networking
12:00 pm | Lunch and presentation
1:00 pm | Conclusion
Speaker: Patrick Egan