Building Generational Wealth Through ESOPs: The Tax Benefits To Selling To An ESOP THE EXIT podcast

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Building Generational Wealth Through ESOPs: The Tax Benefits to Selling To An ESOP

1M ago 40:34

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The latest episode of THE EXIT Podcast, titled "Building Generational Wealth Through ESOPs," features host Brett Dearing, Certified Exit Planning Advisor and guest David Jasmund, Managing Director at PCE Investment Bank discussing the intricacies and advantages of selling a business to an Employee Stock Ownership Plan (ESOP). They delve into the benefits for shareholders, employees, and the company, highlighting tax advantages, stability, and potential generational wealth transfer. They explain the flexible nature of ESOP transactions, the financing options available, and the role of ERISA legislation in enabling these transitions. The episode also emphasizes the governance of ESOP-owned companies and the financial incentives for both selling shareholders and employee participants. With 7,000 ESOP plans impacting 28 million employees in the U.S., the discussion provides crucial insights for business owners planning their succession.

Timestamp Overview:

00:00 Introduction: David Jasmund, Managing Director at PCE

04:56 Management buys out ownership, discusses employee stock ownership.

07:19 Succession planning for business ownership and factors.

11:03 ESOPs: wealth transfer, confidentiality, leadership, liquidity, secrecy.

16:28 ESOP transactions occur at fair market value.

18:35 ESOP trustee evaluates cash flows, distributes ownership.

22:27 ESOP trustee represents employee interest in company.

26:56 Sell shares to ESOP, defer tax, avoid gains.

29:53 Specialized lenders help structure ESOP financing. Private equity also participates in funding ESOPs.

31:23 Webinar covered key points on ESOP benefits.

37:23 ESOPs offer advantages for both employers, employees.

38:30 Open to discussing alternative business transaction options.

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#Business #Brett Dearing #Entrepreneur