ESOPs 101: How ESOPs Work & How They Can Benefit You and Your Company

Partners Renee Lewis and Grant McCorkhill will join a webinar hosted by the Western Bankers Association titled "ESOPs 101: How ESOPs Work & How They Can Benefit You and Your Company." They will discuss what an employee stock ownership plan (ESOP) is and how an ESOP can benefit business owners, companies and employees. The presentation is a general overview, with an emphasis on helping the business, finance and private wealth professionals come away with a basic understanding of ESOPs as a potential option for business transition.

Topics covered will be:

• What is an ESOP
• The basics about how an ESOP operates
• What types of companies are good ESOP candidates
• How an ESOP can be used to help a company effect a liquidity event for the owners, on a tax advantaged basis