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The Journey to an ESOP
46 minutes | Nov 18, 2022
EP32 - ESCA - interview with Noelle Montano - what they do and how they help ESOPs
This podcast helps to outline an organization called ESCA-Employee Owned S-Corporations of America. We interview Noelle Montano to better understand Esca’s role in helping Employee-owned companies. We dive into what they do in relation to other ESOP organizations and the value their resources provide.
44 minutes | Nov 7, 2022
EP31 - Oceans 11 - Las Vegas - what questions should I ask at the ESOP conference!
This episode connects with my very first episode called “enough information to be dangerous” - the premise being that when you go to an ESOP conference there is so much information it can sometimes feel where should I start? I took some very specific questions and discussed them in detail so that you have some ideas of what to focus on depending on whether you are going to the conference on your journey to an ESOP or if you have already arrived and have an existing ESOP company.
42 minutes | Oct 25, 2022
EP30 - Dancing with the DOL - interview with Wayne Isaacks
This episode covers an interview with Wayne Isaacks - ESOP trustee (attorney and CPA) to better understand how an ESOP could be interacting with the Department of Labor. Wayne and I cover a case study that he was involved with and illuminate some best practices and alleviate DOL concerns for companies heading toward an ESOP or existing ESOP Companies. There is some wisdom here that I think is solid related to how to respond to a DOL investigation.
35 minutes | Oct 11, 2022
EP29 - Should I stay or should I go? Stepping into your succession plan using an ESOP
This episode we explore the difficulties of the why should I go - the ultimate question to either begin or continue your succession plan. We explore the reasons why you really should plan to go - and how an ESOP could provide an incredible platform to execute successfully on this strategy.
49 minutes | Sep 27, 2022
EP28 - NCEO Book Launch: “Ownership: Reinventing Companies, Capitalism, and Who Owns What” - Interview with Corey Rosen
The ESOP Guy interviews Corey Rosen the founder of the NCEO to discuss Corey’s new book on how ESOPs have the best chance to solve a multitude of issues in the US - notably the wealth gap. Corey and I discuss the book as we go through the outline of his book “Ownership: Reinventing Companies, Capitalism, and Who Owns What”
38 minutes | Sep 19, 2022
EP27 - Happy Gilmore - ESOP transactions using a hockey stick projection!
This episode provides some insight into how forecasting can influence the approach to an ESOP transaction. Typically we don't see a lot of forecasts that are overly aggressive as future growth tends to follow historical growth. However, there are circumstances that justify a strong forecast that are going to have some implications in fair market value. Happy Gilmore helps bring to light that sometimes the unlikely can happen as he reminds us all with his crazy hockey stick drives.
36 minutes | Sep 9, 2022
EP26 - ESOPs and real estate - interview with Jim LaHam and Justin Knox - tax partners with Berman Hopkins CPA
This interview explores the issue of what happens if a company is selling to an ESOP and they have real estate held by the company. The main issue is that the ESOP has to purchase both the company's operational value and the value of the real estate. The cash flows have to take into consideration the debt related to each valuation and can create some challenges. To avoid this it is common to transfer the real estate out of the company into the selling shareholders possession but this can create tax issues. This informative podcast will walk through possible solutions to this potential issue for both S-Corp and C-Corp entities.
37 minutes | Aug 30, 2022
EP25 - Take this job and shove it - The Great Resignation - How do ESOPs help retain employees?
This episode evaluates the issue of the "Great Resignation" and how ESOPs are a great tool to support employee retention. We cover some of the top reasons people are leaving their jobs. Some of the direct benefits of an ESOP company to improve the overall quality of jobs and how important it is as we move into the future to provide something more for people to build a long-term career with a company.
39 minutes | Aug 18, 2022
EP24 - Potential issues for ESOPs during recessionary times with Michael Miller - ESOP Trustee.
The economy is difficult to predict but if we have a downturn how will that affect your ESOP? This episode provides a good overview for both companies moving into ESOP and those existing ESOPs as it relates to working through potential issues of a downturn with seasoned expert ESOPs trustee and benefit plans - Michael Miller.
38 minutes | Aug 9, 2022
EP23 Cruella de Vil - part 3 Making the Best Presentation for your ESOP
This episode is the finale in a three part series discussing the elements of your CIM - confidential information memorandum - to best support your presentation during the site visit with the trustee and valuation firm. This podcast highlights the importance of reviewing the financial information both historical and forecast as well as understanding the working capital. It also delves into discussions around the ESOP transaction so that any potential issues can be clarified within due diligence and prior to negotiations.
40 minutes | Jul 28, 2022
EP22 - How does a joint venture affect 409(p) with Cass Hollis - ESOP attorney from Bryan Cave Leighton and Paisner out of Atlanta GA
This episode focuses on the general issues of 409(p) as it relates to S-Corp ESOPs and the nuances of how a company's other interests could affect compliance with the anti-abuse test. Cass Hollis offers a depth of wisdom and experience on the topic to point out to companies on a journey to an esop what to look for and potential solutions to work through the issue.
46 minutes | Jul 15, 2022
EP21 - Cruella de Vil - part 2 Making the Best Presentation for your ESOP
This is the second part in a series of episodes to go into how the CIM - confidential information memorandum is prepared. In this episode we discuss how the company overview should be thought out and planned for dealing with the best practices of presenting the company, leadership group, strengths and weaknesses and other critical areas to prepare for on your journey to an ESOP.
42 minutes | Jul 7, 2022
EP20 - Considerations for Post-ESOP discussion with Katie Hardin - ESOP accounting/benefits expert with Berman Hopkins.
On this episode - Katie Hardin and I discuss compliance requirements of brand new ESOPs to help you before you get to closing including booking the ESOP entry, working through the set up of the inside loan, issues that arise with the board of directors and other various areas.
21 minutes | Jun 28, 2022
EP19 - Cruella de Vil Part 1 - Making the Best Presentation for your ESOP - special feature guest "The English ESOP Guy"
This episode is going to focus on preparing for the Confidential Information Memorandum or CIM - this is the presentation that will provide a thorough overview of the industry and company information to prepare for negotiations of your ESOP.
45 minutes | Jun 16, 2022
EP18 - ESOPs for General Contractors - real life ESOP transaction experience with Joe Hurt, President of RLH Construction
This episode is truly valuable for companies thinking about an ESOP - as it helps to walk out the ESOP process in a real life experience. It is especially helpful for general contractors and to go through a Joe Hurt's journey to an ESOP!
38 minutes | Jun 4, 2022
EP17 - FREE Guy meets the ESOP Guy - Recession proofing your business
In this episode we relate the recent movie Free Guy with dealing in reality of a recession and work through some ideas that might make sense for the possibility of an economic recession. For companies going through an ESOP - a sustainable ESOP company has to be prepared for good and bad economic times.
41 minutes | May 24, 2022
EP16 - Galaxy Vets - a unique roll up model using ESOP with Emmitt Nantz, COO
This episode is unique as we evaluate a start up company that is planning to roll up veterinary practices all over the United States using an ESOP strategy. Galaxy Vets has identified a strategic way to leverage the benefits of an ESOP and combine the value of creating a larger holding company structure.
40 minutes | May 17, 2022
EP15 - Dead Poet Society - the critical value of Fostering Creativity in your Company on your journey to an ESOP
One of the skill sets that has increasingly become more valuable in the talent that we recruit, retain and motivate within an ESOP culture is creativity. This podcast delves into the importance of creativity and innovativeness in the workplace as a sought after skill set and as something that should be cultivated in your organization as it makes a significant difference in the value of your business, sustainability of the ESOP and the success of your succession planning.
44 minutes | May 10, 2022
EP14 - ESOPs as solutions for Government Contractors with expert Hobie Frady with Warren Averett from Huntsville, AL with discussion on the new SBA ruling for 100 percent ESOPs
On this episode I interview Hobie Frady - Government Contractor expert and practice leader Warren Averett (CPA firm for government contractors). Hobie and I delve into how ESOPs really are a very popular solution for government contractors both on a partial sale and a 100 percent sale. In 2021 there was new legislation passed for government contractors that allows a 100 percent ESOP to have preferential treatment for existing contracts. Hobie does a great job of explaining the lay of the land in Huntsville and the very popular ESOP option for exit, succession and growth strategies.
33 minutes | May 3, 2022
EP13 - Young Frankenstein - The Science of Business Valuation for ESOPs (part 4)
This episode will conclude our discussion on business valuation reviewing the discounted cash flow model, required working capital and transaction value to determine the best estimate for your ESOP valuation. The 4 part series was intended to go into the details that will help you identify questions to ask your advisor.
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