Presentation Description:  

This session provides a comprehensive introduction to Employee Stock Ownership Plans (ESOPs), with a focus on their role as a powerful liquidity strategy for construction company owners. Attendees will learn the fundamentals of how ESOPs work, why they are increasingly considered as an exit alternative and the key pros and cons of ESOPs. The presentation will also highlight the unique and significant tax benefits that make selling to an ESOP particularly attractive in the construction industry, helping owners understand why ESOPs can be a compelling succession and financial planning tool.

Three Learning Objectives:

- Learn the fundamentals of an ESOPs and how this is a liquidity vehicle for contractors

- Appreciate the pros and cons of an ESOP, as a buyer, as compared to other options (private equity, 3^rd party)

- Understand the unparalleled tax benefits of selling to an ESOP, which piques interest of construction company owners

The Construction Financial Management Association (CFMA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: https://www.nasbaregistry.org/     

Patrice Radogna

Managing Director, Advisory

CBIZ

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