{"product_id":"epi-greater-philadelphia-chapter-event-may-9-2024","title":"EPI Greater Philadelphia Chapter Event | May 9, 2024","description":"\u003cp\u003e\u003cspan data-contrast=\"auto\"\u003eBusiness owners spend years, and in many cases decades, building their companies. These businesses are often not only their largest asset but a major component of their identity.  Legacy, for one’s family, one’s employees, and one’s community, is a major factor for many business owners. The decision to monetize a business can feel like “the end”, the tax bills can be eye popping, and the ongoing stewardship of the company is less certain as new ownership takes the reigns.\u003c\/span\u003e\u003cspan data-ccp-props='{\"201341983\":0,\"335559738\":120,\"335559739\":120,\"335559740\":240}'\u003e \u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003e\u003cbr\u003e\u003c\/span\u003e\u003cspan data-contrast=\"auto\"\u003eAn Employee Stock Ownership Plan (ESOP) can be an attractive liquidity strategy for the right company, business, and set of employees.\u003c\/span\u003e\u003cspan data-ccp-props='{\"201341983\":0,\"335559738\":120,\"335559739\":120,\"335559740\":240}'\u003e \u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan data-contrast=\"auto\"\u003eThe ESOP transaction can achieve significant tax benefits for selling shareholders, serve as an economic driver for employees, and allow a business owner to structure an “extended hand off” of their business.  \u003c\/span\u003e\u003cspan data-ccp-props='{\"201341983\":0,\"335559738\":120,\"335559739\":120,\"335559740\":240}'\u003e \u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan data-contrast=\"auto\"\u003eAll that said, ESOPs aren’t right for every company, come with some level of complexity, and typically involve debt as a key component of the transaction.\u003c\/span\u003e\u003cspan data-ccp-props='{\"201341983\":0,\"335559738\":120,\"335559739\":120,\"335559740\":240}'\u003e \u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan data-contrast=\"auto\"\u003eEPI Greater Philadelphia has assembled a panel of entrepreneurs who’ve successfully executed ESOP transactions for their companies. These business owners are willing to share their stories, what went right, the challenges that arose, and what they might do differently this time around.\u003c\/span\u003e\u003cspan data-ccp-props='{\"201341983\":0,\"335559738\":120,\"335559739\":120,\"335559740\":240}'\u003e \u003c\/span\u003e\u003c\/p\u003e\n\u003cp data-mce-fragment=\"1\"\u003e\u003cstrong\u003e\u003cspan class=\"EOP SCXW184362356 BCX0\" data-ccp-props='{\"201341983\":0,\"335559739\":0,\"335559740\":240}'\u003eLearning Objectives:\u003c\/span\u003e\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cspan data-contrast=\"auto\"\u003eHow does an entrepreneur begin examining their exit options?\u003c\/span\u003e\u003cspan data-ccp-props='{\"201341983\":0,\"335559738\":120,\"335559739\":120,\"335559740\":240}'\u003e \u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cspan data-contrast=\"auto\"\u003eWhat advisors are involved in the exit planning framework?\u003c\/span\u003e\u003cspan data-ccp-props='{\"201341983\":0,\"335559738\":120,\"335559739\":120,\"335559740\":240}'\u003e \u003c\/span\u003e\u003cspan data-contrast=\"auto\"\u003eWhat traits make a business an attractive candidate for an ESOP.\u003c\/span\u003e\u003cspan data-ccp-props='{\"201341983\":0,\"335559738\":120,\"335559739\":120,\"335559740\":240}'\u003e \u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cspan data-contrast=\"auto\"\u003eHow does the transaction work? What are the tax benefits?\u003c\/span\u003e\u003cspan data-ccp-props='{\"201341983\":0,\"335559738\":120,\"335559739\":120,\"335559740\":240}'\u003e \u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cspan data-contrast=\"auto\"\u003eHow are key executives and employees factored into the ESOP effort.\u003c\/span\u003e\u003cspan data-ccp-props='{\"201341983\":0,\"335559738\":120,\"335559739\":120,\"335559740\":240}'\u003e \u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cspan data-contrast=\"auto\"\u003eWhat is it like running an ESOP-owned company?\u003c\/span\u003e\u003cspan data-ccp-props='{\"201341983\":0,\"335559738\":120,\"335559739\":120,\"335559740\":240}'\u003e \u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cspan data-contrast=\"auto\"\u003eWith hindsight, how would these successful entrepreneurs change their transactions?\u003c\/span\u003e\u003cspan data-ccp-props='{\"201341983\":0,\"335559738\":120,\"335559739\":120,\"335559740\":240}'\u003e \u003c\/span\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"Exit Planning Institute","offers":[{"title":"Default Title","offer_id":40196941119523,"sku":null,"price":60.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0287\/8482\/0259\/files\/GreaterPhiladelphia-2Lines_1.png?v=1702656354","url":"https:\/\/exit-planning-institute.myshopify.com\/products\/epi-greater-philadelphia-chapter-event-may-9-2024","provider":"Exit Planning Institute","version":"1.0","type":"link"}