Succession planning is one of the most important — and often most daunting — challenges for private business owners. The decisions you make today will shape your legacy, your business and your wealth for years to come.
Watch the second session of our 2nd Annual Center for Private Business Owners Succession Academy and discover how Employee Stock Ownership Plans (ESOPs) and partner buyouts can benefit owners and employees. Learn about ESOP structures, tax strategies, pros and cons and key players – highlighted through a Roth ESOP case study.
Watch Webinar Replay Here
Here are some key takeaways:
- Proactive Succession Planning – Effective ownership transition requires early preparation and a coordinated, multidisciplinary approach that considers both personal objectives and long-term business needs.
- ESOP Feasibility and Fit – ESOPs are most successful for profitable, middle-market private companies, where earnings strength, administrative costs, and fair market value expectations support a sustainable plan.
- Tax-Advantaged Ownership Strategies – Traditional Section 1042 structures and innovative Roth ESOP designs offer powerful tax benefits, enabling owners to monetize value while creating significant long-term wealth for employees.
- Employee Wealth Creation and Cultural Alignment – ESOPs foster a strong ownership culture, providing employees with meaningful retirement benefits and a direct stake in the company’s future growth and stability.
- A Compelling Alternative to Third-Party Sales – By balancing owner liquidity, business continuity, and employee benefit, ESOPs serve as a strategic exit option that can outperform private equity or strategic sales in both economic and cultural outcomes.
Hosts:
Center for Private Business Owners
Stephen Prostano, CPA, JD, LLM, Partner-in-Charge
Cynthia Adams Harrison, Ed. D., LICSW, Managing Director