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
Apr 11, 2022 • 38min
EP11 - Young Frankenstein - The Science of Business Valuation for ESOPs (part 3)
This is part 3 of a multi-part series on business valuation modeling as it relates to ESOPs. This episode provides a good overview of the first step in creating the discounted cash flow model of valuation beginning with forecasting and working through a process of completing the forecast.
Mar 31, 2022 • 44min
EP10 - Fiduciary Insurance for ESOPs - discussion with Jeff Gelburd with Murray Insurance
This episode is dedicated to better understanding insurance for ESOPs. Jeff Gelburd with Murray Insurance is a pioneer in getting insurance policies to mitigate fiduciary risk set up way back when things were just getting started in ESOPs. He explains the bundling of Fiduciary, DNO and Employee Liability as well as the trends for insurance relative to transaction trustees for ESOPs.
Mar 21, 2022 • 36min
EP9 - Young Frankenstein - The Science of Business Valuation for ESOPs (part 2)
This is part 2 of a multi part series in business valuations as they relate to ESOPs. This episode covers understanding cash flow and capitalization rate composition and structure and illustrates how very little is relying on the valuation analysts subjective judgement of the financial information and risk data on the subject company.
Mar 14, 2022 • 39min
EP8 - Jim Bado - Workplace Development - Creating ownership thinking in your ESOP
This episode is located here and on you tube...we cover how to maximize the benefit of the ESOP to your company - a critical aspect of leveraging an ESOP through building a strong ownership thinking culture to get your people to understand how all of the pieces of the puzzle work! Jim's group has a unique and specific areas of expertise that they focus on exclusively with ESOP companies!
Mar 4, 2022 • 30min
EP7 - Young Frankenstein - The Science of Business Valuation For ESOPs (part 1)
This episode explores the science of business valuation for ESOPs to answer the question relative to is my ESOP valuation for planning purposes accurate and what questions should I be asking my advisors in the planning steps in your journey to an esop. This is part 1 that goes through the importance of business valuation and distinctly points out definitionally valuation concepts that are important to understand so that we can then build on the details for part 2 coming soon!
Feb 25, 2022 • 39min
EP6 - ESOPs from Down Under (Australia) - International Interview with Succession Advisor - Craig West CPA on Psychology of Selling to an ESOP.
This is the first ever ESOP Guy interview internationally from as far away as we can get from the U.S. - "way down under mate" in Australia with Succession Plus advisor Craig West, CPA - who has built his practice off of research from his own doctoral study in ESOPs. There are some fascinating similarities between ESOPs in the U.S. and Australia as well as some very interesting differences.
Feb 21, 2022 • 39min
EP5 - "The Boss" - transitioning the CEO role in preparation of your ESOP
In this episode - we cover the very important topic of management transition in your succession plan as it relates to your journey to an esop. One of the most difficult and significant transitions is going to be the key position of CEO. We cover why this is so important and some suggestions as to how to go about it.
Feb 11, 2022 • 44min
EP4 - Seller Fiduciary Risk for ESOPs - discussion with Greg Daugherty
This episode opens up a topic that I think is easily confused - just what does the seller take on in Fiduciary risk in doing an ESOP transaction. Greg always does a great job - this is his third time on the podcast and provides a wealth of knowledge as a resource to our listeners. He leverages information from the Vinosky esop case which provides a good reference in better understanding selling shareholders fiduciary risk and reliance upon ESOP professionals.
Feb 4, 2022 • 30min
EP3 - The tale of two ESOPs
This episode compares and contrasts two actual ESOP deals that we worked on at the end of 2021. The take-aways will hopefully help you in asking questions of your advisors if you are on a journey to an esop or will start one soon!
Jan 28, 2022 • 43min
EP 2 - ESOPs for Healthcare entities - discussion with SCJ Fiduciary Services
This episode includes a discussion with Steve James and Heather Driscoll of SCJ Fiduciary Services. Steve is credited with doing the first Dental practice in the U.S. They do a great job explain how ESOPs are perfectly suited for all kinds of healthcare companies including physical therapy, autism centers, hospitals, etc....they outline some of the challenges but all together healthcare companies make great ESOPs
