Journey to an ESOP & Beyond
Jason Miller & Makenzie Wirth
ESOPs are gaining traction. In the "Journey to an ESOP & Beyond” podcast, Doeren Mayhew's Jason Miller and Makenzie Wirth explain the process of the ESOP transaction and address ESOPs from a business owner's perspective. They illuminate the simplicity of ESOPs and debunk common misconceptions that ESOPs are immensely costly and complicated.--“Doeren Mayhew" is the brand name under which Doeren Mayhew Assurance and Doeren Mayhew Advisors, LLC and its subsidiary entities provide professional services. Doeren Mayhew Assurance and Doeren Mayhew Advisors, LLC (and its subsidiary entities) practice as an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations and professional standards. Doeren Mayhew Assurance is a licensed independent CPA firm that provides attest services to its clients, and Doeren Mayhew Advisors, LLC and its subsidiary entities provide tax and business consulting services to their clients. Doeren Mayhew Advisors, LLC, DM Payroll Solutions, Doeren Mayhew Capital Advisors and their subsidiary entities are not licensed CPA firms.
Episodes
Mentioned books
Mar 13, 2023 • 36min
EP6 - “Show Me The Money” for an ESOP transaction
This episode is generated out of many recent conversations with different folks all over the country - it is intended to discuss an important topic that selling shareholders that are considering the ESOP as an option need to nail down early in the process - How do I get my money for the stock I just sold? Once they understand this - they can either continue on their journey to an ESOP or take another route towards a different solution.
Feb 27, 2023 • 43min
EP5 - Secure Act 2.0 - How Does This New Legislation Affect ESOPs - Interview with John Burgess
The Secure 2.0 Act of 2022 makes some interesting developments in the world of ESOPs. John Burgess and I work through categorically how this new legislation will affect ESOPs now and into the future. We touch on its changes for 1042, tax credits, ESOP education, and ESOP plan design. Overall this legislation provides more reassurance that ESOPs have bipartisan support and are only becoming a stronger part of the US economy.
Feb 18, 2023 • 31min
EP4 - The Greatest Showman - Recruiting Talent for Your ESOP
This episode deals with the need all businesses have to build talent in their company. The topic comes at the beginning of the year as we start to think about building the business for a sustainable ESOP which really does improve the strength of the company from a valuation as well as the long-term value. Just as important - the business has the benefit of a leadership team to support the transition of selling shareholders into key positions. This podcast is just a good reminder to think about your efforts and processes related to recruiting key people.
Feb 3, 2023 • 47min
EP3 - Buy-Side Valuation on ESOP Transaction with Adrian Loud from Censeo
This episode - Adrian Loud - ESOP Buy-Side valuator and I talk through the role of the process that a financial advisor to the ESOP trustee plays in the process of valuing the business specifically for the transaction as well as their role in other aspects of the transaction. What is helpful is to better understand what they are thinking, how they go about their process as the sell-side estimates the value that will come from negotiations. Adrian also shares some case study areas that you should be aware of as you continue your journey to an ESOP.
Jan 24, 2023 • 41min
EP2 - Tenet - Conceptualizing Your ESOP
Does anyone understand what is going on in the Tenet movie…it moves forwards and backwards. I think sometimes ESOP can be the same. This episode breaks down with clarity the conceptual factors of deciding to do an ESOP and real questions that others have asked to determine if an ESOP right for them.
Jan 11, 2023 • 43min
EP1 - Warrants on an ESOP transaction with Will Rodriguez at Vision Point Capital
This is the first episode of season 4 and as such we wanted to jump right into a valuable topic to help folks prepare for their ESOP regarding understanding how warrants are calculated as a potential benefit to the selling shareholders. Will Rodriguez with Vision Point provides a solid overview of the methodology of estimating the number of synthetic shares of warrants issued at the time of the transaction.
Dec 24, 2022 • 43min
EP35 - The Grinch - evaluating the ESOP versus a third party buyer for your company
In this episode we evaluate the issues that selling shareholders will likely run into when considering selling their business to either a private equity, venture capital, or strategic buyer. This episode is inspired by questions that come up from selling shareholders on the alternatives to selling their business to an ESOP. It is helpful to determine whether the ESOP is a good direction and can be confusing to evaluate this option of selling your business.
Dec 14, 2022 • 50min
EP34 - Symbiont Services - with Sandy King, President and Owner sold 100 percent to ESOP
This interview is with the President and Owner of a family business that sold 100 percent to a newly created ESOP. Sandy King took over the business from her parents and focused on company culture, business processes and a strong level of customer service. She had built an effective leadership group and was ready for transition. After working through a possible sale to third party, she settled on the ESOP as the best option. This podcast will help the listener to go through Sandy’s thought process and selecting ESOP as her best option as well as her insight into her own journey to an ESOP.
Dec 1, 2022 • 30min
EP33 - The Longest Yard - Quarterback for your ESOP - what should you know about this important role?
This episode focuses on better understanding the role of a “quarterback” in an ESOP transaction on your journey to ESOP. I often talk to folks about the complexities of an ESOP transaction and one point of discussion is what is the sell-side advisor’s role. This topic will help solidify in your mind what questions you might ask and be aware of when hiring one of the most important advisors in the ESOP transaction - your Quarterback!
Nov 18, 2022 • 46min
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.
