Journey to an ESOP & Beyond

In this episode we discuss the issues related to control versus non-control - in other words what portion of the company are you selling.  If the ESOP purchases something less than control - than there will likely be a reduction in the valuation.

This episode provides a discussion with 100 percent  ESOP company - Braden Kitchens, Inc. - President and former owner - Pete Profumo to better understand the flexibility of using an ESOP especially to meet the goals and objectives of the selling shareholder.

In this episode - Michael Strahan and I discuss how the bonding company's look at the ESOP transaction. Very helpful information related to possible structuring your ESOP deal as a contractor dealing with future bonding, government customer certifications, and personal indemnity.

This episode is a continuation of a discussion on the applicability of ESOPs for contractors - Ben and I discuss the areas that need to be addressed when advising a contractor on utilizing an ESOP for their succession and exit plan.

This episode is the first in a series that focuses on understanding the applicability of utilizing an ESOP to help a contractor through the succession and exit process.

This episode provides a discussion with Patrick Stoltz at Wintrust Bank out of Chicago, IL about the particularities of lending for the buyout of an ESOP to a government contractor type business.  It is an excellent compliment to episode 53.

This episode is part 2 on understanding competition by exploring the importance of evaluating your competitive landscape and goes deeper to provide insight into how to accomplish this task and what tools you might want to use in the process.

This episode focuses on why you might want to consider a roll up or consolidation of multiple businesses.  Steve and I cover how it works and what are the benefits of leveraging this into an ESOP transaction.

This episode covers the basics in documenting your competition as a step along the process of moving towards an ESOP transaction.  It will provide a discussion on the importance of documenting competition and practical steps in getting started.

In this episode Rich and I highlight the ability to transition a Medical practice to an ESOP and solutions related to proper licensing.

This episode highlights the issue of being prepared with a succession and exit plan relative to an ESOP.  It encourages the listener to avoid planning in a crisis situation by covering pitfalls of not planning and some areas of motivation.

This episode focuses specifically on government contractors becoming ESOPs with an informative interview with Andy Watson with expertise in both ESOPs and Government Contractors.

This episode provides insight into one of the most important numbers you need in evaluating the sale of your business.  There is helpful information to help you review your business valuation so that you can determine if it is truly a valid estimate of the potential enterprise value of your business.

This interview debuts a fairly new company providing support related to communicating the ESOP message throughout the company to employees.  Thomas explains the need to build an ESOP culture and how their tools really add value to the process.

This episode peers into some of the psychological and emotional issues that business owners should be aware of as they work through a potential transaction towards an ESOP.

In this episode Renee and I discuss the roadmap for an ESOP closing and go into detail as to the documentation of the ESOP transaction as well as some of the pitfalls in getting deals completed.

This episode evaluates the risk related to becoming an internal trustee for an ESOP company.  What are the risks of being a trustee and does it make sense for your ESOP to plan on having an external trustee.  We discuss some of the pros and cons to help companies plan for this important aspect on their journey to an ESOP. 

This interview focuses on the process of ESOP lending for the leveraged transaction considering the underwriting process.  It also discusses how a bank can do loans for ESOPs outside their market.

This episode is going to focus on understanding how the issues of a family business can affect your plans to utilize the ESOP as a strategy for succession and exit of your business.

This episode explores the ESOP company from an owner perspective.  There are a lot of wins when it comes to an ESOP but consider for a moment how the customer wins in dealing with an ESOP company.

This episode helps to explain the role of the board and trustee to shed some light on who is in charge of an ESOP company

This episode focuses on explaining the process of doing normalization adjustments to properly estimate cash flow for a company's business valuation.  Normalization adjustments can make a big difference in your numbers on your planning for an ESOP.

This is our 2nd interview with Greg Daugherty with Porter Wright in Columbus, OH.   Greg and I discuss the planning side of what companies will do with their existing 401(k) plans when you combine them with a brand new ESOP.  What are the issues behind safe harbor and highly compensated people.  Additionally, what is a KSOP and when would we want to incorporate their use in the planning of your ne...

This episode covers an overview of how to do strategic planning in a step by step process to be prepared to move through the ESOP process with an advantage that provides higher valuations and more sustainable results.

This episode provides a guide for company owners considering an ESOP through an interview with a very experienced ESOP attorney from the Midwest.  We discuss many things including what makes a good target company for an ESOP and how to find the right ESOP team to facilitate a healthy transaction.