Webcast: ESOPs: Uses, Strategies, Benefits and Pitfalls (XCEUSBP17)
Tell a Friend About This EventTell a Friend
 

Get acquainted with the most popular ESOP scenarios and structures you are likely to encounter when working with private companies. This course will examine implementations for C and S corp clients using real-life case studies; learn how ESOPs are used to achieve various planning objectives; and how to avoid tax and legal risks often perceived as ESOP byproducts. ESOP valuations and GAAP accounting for ESOP loans will be presented by guest experts.

10/24/2017
When: 10/24/2017
8:30 AM until 4:00 PM
Where: Webcast
CALCPA
4172409C
United States
Presenter: Kevin G. Long Esq


Online registration is closed.
« Go to Upcoming Event List  

Acronym XCEUSBP17
CPE 8 hours
Vendor CalCPA
Category
Specialized Knowledge
Level Advanced
Prerequisite Knowledge and experience in corporate tax and business transactions. Basic knowledge of qualified retirement plan taxation.
Adv Prep Read case studies in e-book prior to lecture.
Yellow Book? No
Designed for CPAs, attorneys, CFOs, controllers and other financial professionals interested in learning more about identifying and consulting on ESOP strategies.
Registration
Member $245
CPA Non-Member $375

The Member rate applies to LCPA members, other state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Course Description

Get acquainted with the most popular ESOP scenarios and structures you are likely to encounter when working with private companies. This course will examine implementations for C and S corp clients using real-life case studies; learn how ESOPs are used to achieve various planning objectives; and how to avoid tax and legal risks often perceived as ESOP byproducts. ESOP valuations and GAAP accounting for ESOP loans will be presented by guest experts.

Materials are provided as an ebook.

Objectives

  • Determine appropriate ESOP transaction for your company or client.
  • Identify when an ESOP is appropriate.
  • Recognize fiduciary risk management.
  • Identify the basics of ESOP feasibility analysis.
  • Recognize current and emerging issues.
  • Identify tax advantages of ESOPs and non-ESOP alternatives.
  • Determine problematic plans and potential pitfalls.

Major Topics

  • ESOPs: different types; how they differs from other retirement plans; advantages and disadvantages; coordinating with 401(k) and other plans
  • S vs. C corp tax strategies
  • Valuation
  • Liquidity and repurchase liability
  • Tax qualification requirements
  • Distribution rules
  • Shareholder rights
  • Employee and beneficiary rights
  • Deduction limits and share release formulas
  • Suitability analysis, feasibility studies and plan design issues 
  • Prohibited transactions
  • Anti-abuse testing strategies for S corp ESOPs
  • Department of Labor issues and audits