Employee Stock Option Plans (ESOP) have been an increasingly popular method for business owners to attract, retain, incentivize and reward employees. In addition ESOP owned businesses have also served as an effective ownership transition vehicle. However, ESOP owned companies contain complexities which make these businesses unique in many ways and challenging to understand.
Please join the RMA East Central PA Chapter as we host an on-line general membership meeting which will provide participants with an overview of ESOP owned businesses, considerations regarding their structure, and provide a basic understanding of their advantages and disadvantages. We will welcome Brian Sharkey, CPA, CEPA; Katrina Samarin, CPA and Steve Feimster, CPA from Kreischer Miller to discuss the following:
• Overview of ESOPs and their structure
• Using ESOPs as a transition tool
• Financial reporting implications and complexities
• Tax advantages and considerations.
Brian Sharkey – Brian is a Director at Kreischer Miller and leads the firm’s Business Advisory Group. In addition, Brian also oversees Audits and Reviews of ESOP owned companies and is also Certified Exit Planning Advisor (CEPA).
Katrina Samarin – Katrina is a Manager at Kreischer Miller within the firm’s Tax Strategies Group. Katrina provides a variety of tax services including tax planning and research for corporations, partnerships, trusts and high-net-worth individuals. In addition, Katrina is extremely active in the firm’s ESOP Industry Group and has her Masters of Taxation from Villanova University Law School.
Steve Feimster – Steve is a Manager at Kreischer Miller within the firm’s Audit and Accounting Group. Steve has a wide range of experience providing traditional audit and accounting services to a variety of businesses, including manufacturers, not-for-profits, distributors, and professional service organizations. Steve also serves in the firm’s ESOP Industry Group and is relied upon to figure out complex ESOP financial reporting issues.
This webinar recording may be accessed via the following link: ESOPs 101 For Lenders Webinar