Understanding ESOPs: Smooth Transitions with Tax Benefits for Companies and Their Owners

Taylor English Duma LLP | 1600 Parkway Circle, Suite 200, Atlanta, GA 30339
January 10, 2018
12:00 PM - 1:30 PM

Hosted by Taylor English Duma LLP and Vistage Atlanta, please join us to learn the pros and cons of selling to an Employee Stock Ownership Plan ("ESOP") to determine whether an ESOP is the right fit for your company.

Who Should Consider an ESOP? Business owners thinking of selling should consider the tax and other advantages of an ESOP. Businesses with at least 20 employees and $1 million of EBITDA will qualify. This program will review the advantages and disadvantages of traditional succession strategies and explain why an ESOP might be a better alternative.

Why an ESOP? Owners can monetize the value of their businesses while keeping existing management in place and providing a valuable retirement benefit to their employees. Sale to a leveraged ESOP can offer business owners a very attractive and under-utilized alternative to a traditional sale.


W. Dennis Summers | Taylor English Duma LLP
W. Dennis “Denny” Summers advises clients in transactions involving employee stock ownership plans (ESOPs), mergers and acquisitions and corporate and general business law matters. Mr. Summers has broad experience in a variety of industries, with an emphasis on service industries, health care, technology, staffing and construction. He has represented clients involved in virtually every aspect of ESOP transactions, including corporate sponsors, trustees, shareholders, and buyers and sellers of ESOP companies. 
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