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
Oct 11, 2021 • 47min
EP35 "An ESOP deal - case study" Discussion with Mike Zeller - ESOP attorney from Moore & Van Allen out of Charlotte, NC.
On this episode - I discuss with Mike Zeller, a very experienced ESOP attorney one of his case studies in working through a leveraged ESOP transaction. There are some interesting points to consider from this ESOP case study!
Oct 5, 2021 • 32min
EP34 - Office Space - An analysis on ESOPs as C-Corps
This episode covers the basics of C-Corp tax as it relates to ESOPs and provides an alternative to the 1042 to deal with Capital gains tax using code section 1202.
Sep 22, 2021 • 42min
EP33 - Interview with Greg Daugherty ESOP attorney with Porter Wright from Columbus, OH to discuss the ESOP pre-funded strategy.
This episode Greg and I discuss the pre-funded ESOP strategy as a way to take the tax deduction each year while planning for your ESOP leveraged transaction. We discuss the pros and cons of this strategy that might give you some ideas about your own journey to an esop.
Sep 12, 2021 • 28min
EP32 - Tommy Boy - "A reorg"...what does that mean? Trying to get both the 1042 and S-Corp exemption for ESOPs!
This episode reviews the details of what is known as an A Reorg...for companies that are going Esop and are currently S-corps. This opens up the topic of whether or not you can revoke the S-Corporation and then as a C-Corp take the 1042 capital gains tax deferral then immediately go back to an S-corporation which by IRS code should be a five year waiting period. Some advisors use this as a tactic to sell the client on their services which are probably going to be pretty costly...listen on to see what kind of questions you should ask on your journey to an esop...
Sep 6, 2021 • 42min
EP31 - A Partial ESOP - Experiences from newly formed ESOP company: AOTC - Brian Barnett and Todd McDowell
This episode features a newly formed ESOP from 2020 - a company called AOTC with its owner Brian Barnett and Todd McDowell. They chose to establish a partial ESOP as a business strategy not an immediate exit but to enhance a strong employee company culture.
Aug 30, 2021 • 35min
EP30 - Spiderwick - Skeptics Scowl - myths and misconceptions of ESOPs
This episode I discuss some common myths and misconceptions from experience with ESOP skeptics...thinking about the process of working the shareholders and advisors skepticism is an important and essential step on this journey to an ESOP.
Aug 19, 2021 • 36min
EP29 - ESOPs as a solution for wealth inequality - discussion with Thomas Dudley - CEO of Certified EO.
This episode evaluates the points of Thomas' recent article published at the Harvard Business School regarding ESOPs as a solution to the gap in wealth inequality. Thomas and I discuss this socio-economic reality in our country and the possibilities that ESOPs create in helping to solve this national crisis.
Aug 14, 2021 • 29min
EP28 - Godfather - ESOP plan design - planning for the deal you cannot refuse...
This episode provides a decent overview of ESOP plan design that will give you some exposure to ESOP employee vesting, eligibility, allocation methods and other areas for you can be thinking about for your future ESOP.
Aug 9, 2021 • 41min
EP27 - Discussion with Darren Gleeman MBO Ventures from New York - "ESOPs and capitalism"
Darren Gleeman is a former Wall Street trader with his own entrepreneurial ventures. He is active in the ESOP industry. Our discussion is all about how ESOPs work to promote capitalism in America.podcast video https://www.youtube.com/watch?v=29tIx0XhjDE
Jul 30, 2021 • 34min
EP26 - A few good men/women - interviewing an ESOP Trustee
This episode is a little quirky as I struggle to do a Jack Nicholson impersonation - the interview process for finding the right trustee for your ESOP is a critical step. This episode focuses on us what to ask when your transaction trustee and what you should get out of this important step on this journey to an esop.now
