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
Jul 15, 2022 • 46min
EP21 - Cruella de Vil - part 2 Making the Best Presentation for your ESOP
This is the second part in a series of episodes to go into how the CIM - confidential information memorandum is prepared. In this episode we discuss how the company overview should be thought out and planned for dealing with the best practices of presenting the company, leadership group, strengths and weaknesses and other critical areas to prepare for on your journey to an ESOP.
Jul 7, 2022 • 42min
EP20 - Considerations for Post-ESOP discussion with Katie Hardin - ESOP accounting/benefits expert with Berman Hopkins.
On this episode - Katie Hardin and I discuss compliance requirements of brand new ESOPs to help you before you get to closing including booking the ESOP entry, working through the set up of the inside loan, issues that arise with the board of directors and other various areas.
Jun 28, 2022 • 21min
EP19 - Cruella de Vil Part 1 - Making the Best Presentation for your ESOP - special feature guest "The English ESOP Guy"
This episode is going to focus on preparing for the Confidential Information Memorandum or CIM - this is the presentation that will provide a thorough overview of the industry and company information to prepare for negotiations of your ESOP.
Jun 16, 2022 • 45min
EP18 - ESOPs for General Contractors - real life ESOP transaction experience with Joe Hurt, President of RLH Construction
This episode is truly valuable for companies thinking about an ESOP - as it helps to walk out the ESOP process in a real life experience. It is especially helpful for general contractors and to go through a Joe Hurt's journey to an ESOP!
Jun 4, 2022 • 38min
EP17 - FREE Guy meets the ESOP Guy - Recession proofing your business
In this episode we relate the recent movie Free Guy with dealing in reality of a recession and work through some ideas that might make sense for the possibility of an economic recession. For companies going through an ESOP - a sustainable ESOP company has to be prepared for good and bad economic times.
May 24, 2022 • 41min
EP16 - Galaxy Vets - a unique roll up model using ESOP with Emmitt Nantz, COO
This episode is unique as we evaluate a start up company that is planning to roll up veterinary practices all over the United States using an ESOP strategy. Galaxy Vets has identified a strategic way to leverage the benefits of an ESOP and combine the value of creating a larger holding company structure.
May 17, 2022 • 40min
EP15 - Dead Poet Society - the critical value of Fostering Creativity in your Company on your journey to an ESOP
One of the skill sets that has increasingly become more valuable in the talent that we recruit, retain and motivate within an ESOP culture is creativity. This podcast delves into the importance of creativity and innovativeness in the workplace as a sought after skill set and as something that should be cultivated in your organization as it makes a significant difference in the value of your business, sustainability of the ESOP and the success of your succession planning.
May 10, 2022 • 44min
EP14 - ESOPs as solutions for Government Contractors with expert Hobie Frady with Warren Averett from Huntsville, AL with discussion on the new SBA ruling for 100 percent ESOPs
On this episode I interview Hobie Frady - Government Contractor expert and practice leader Warren Averett (CPA firm for government contractors). Hobie and I delve into how ESOPs really are a very popular solution for government contractors both on a partial sale and a 100 percent sale. In 2021 there was new legislation passed for government contractors that allows a 100 percent ESOP to have preferential treatment for existing contracts. Hobie does a great job of explaining the lay of the land in Huntsville and the very popular ESOP option for exit, succession and growth strategies.
May 3, 2022 • 33min
EP13 - Young Frankenstein - The Science of Business Valuation for ESOPs (part 4)
This episode will conclude our discussion on business valuation reviewing the discounted cash flow model, required working capital and transaction value to determine the best estimate for your ESOP valuation. The 4 part series was intended to go into the details that will help you identify questions to ask your advisor.
Apr 22, 2022 • 43min
EP12 - Underwriting the ESOP loan with Doug Dell from KeyBank
This episode features experienced ESOP lender Douglas Dell with KeyBank out of Colorado. Doug offers insight into this extremely important step in the ESOP process to help answer the question: "How am I going to get my money out of this ESOP deal?"
