Ensuring the best plan is in place for transitioning ownership and leadership of a business can be overwhelming, especially when there are employees, family members, and vendors who all count on the business.
In this workshop, we will discuss the option of selling a business to employees using an Employee Stock Ownership Plan (ESOP). We’ll learn:
- How an ESOP works and how to explore this option
- The benefits of an ESOP including an understanding of tax implications and succession planning
- How to determine if an ESOP is the right choice for you
Presented by CFBC Strategic Partners:
Elizabeth Di Cola – Managing Director of the ESOP Finance Group, MB Financial Bank
Elizabeth specializes in working with closely held business owners and management teams in developing financing alternatives to support ownership transitions, particularly through the use of leveraged ESOPs. She also provides guidance in structuring post-transition financing to support ESOP companies' on-going strategic needs.
Jeffrey C. Rambach – Partner at Burke, Warren, MacKay & Serritella P.C.
Jeffrey helps clients navigate the complex world of tax law to uncover value-maximizing tax credits. His tax practice encompasses four main areas: tax credits, transactional tax, private client/wealth management, and non-profit organizations.