ESOPs-The Tax Advantaged Exit Strategy for Owners

Originally Aired - Thursday, March 16 • 2:30 PM - 3:15 PM

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Location: West Hall 206

Event Information

Title: ESOPs-The Tax Advantaged Exit Strategy for Owners

Description:

Session Code: BP22

2021 turned out to be one of the hottest years for construction companies selling their companies to an ESOP. What are these business owners seeing and why the increased interest? Three factors that appear to be driving this: Strong sales price multiples in 2021, significant looming changes in taxes that will affect both the selling shareholder and the company's bottom line (on a post-tax basis) and, mental readiness to exit or monetize after particularly trying year, the year of the pandemic. We will discuss the fundamentals of an ESOP, good candidates for an ESOP, the significant tax benefits, pros and cons for construction companies and, finally, details of the process of getting an ESOP transaction complete.

Learning Objectives:

Learn what makes ESOP the most effective exit strategy for contractors and construction company owners.
Determine what to consider when selling to an ESOP.
Learn how an ESOP works, flow of funds and tax advantages available to the owners and company.

Type: CONEXPO-CON/AGG