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
Dec 1, 2020 • 32min
EP50 - Fast Car - Emotional Issues Related To Selling Your Business To An ESOP.
This episode peers into some of the psychological and emotional issues that business owners should be aware of as they work through a potential transaction towards an ESOP.
Nov 24, 2020 • 44min
EP49 - Interview with Renee Lewis - ESOP attorney with Holland & Knight from Chicago, IL
In this episode Renee and I discuss the roadmap for an ESOP closing and go into detail as to the documentation of the ESOP transaction as well as some of the pitfalls in getting deals completed.
Nov 20, 2020 • 26min
EP48 - To be or not to be - the choice to be an ESOP internal trustee
This episode evaluates the risk related to becoming an internal trustee for an ESOP company. What are the risks of being a trustee and does it make sense for your ESOP to plan on having an external trustee. We discuss some of the pros and cons to help companies plan for this important aspect on their journey to an ESOP.
Nov 12, 2020 • 37min
EP 47 - Interview with Jim Rolfe (ESOP lender) with CIBC Bank US out of Chicago, IL
This interview focuses on the process of ESOP lending for the leveraged transaction considering the underwriting process. It also discusses how a bank can do loans for ESOPs outside their market.
Nov 6, 2020 • 35min
EP46 - Family Ties - issues of a family business in relation to an ESOP.
This episode is going to focus on understanding how the issues of a family business can affect your plans to utilize the ESOP as a strategy for succession and exit of your business.
Oct 29, 2020 • 34min
EP45 - Moonstruck - You talking to the owner here!
This episode explores the ESOP company from an owner perspective. There are a lot of wins when it comes to an ESOP but consider for a moment how the customer wins in dealing with an ESOP company.
Oct 22, 2020 • 40min
EP44 - Who is in control of my ESOP - Interview with ESOP trustee - Neil Brozen, Minneapolis, Minnesota
This episode helps to explain the role of the board and trustee to shed some light on who is in charge of an ESOP company
Oct 13, 2020 • 30min
EP43 - Norm! Normalization adjustments for business valuation of ESOPs
This episode focuses on explaining the process of doing normalization adjustments to properly estimate cash flow for a company's business valuation. Normalization adjustments can make a big difference in your numbers on your planning for an ESOP.
Oct 8, 2020 • 33min
EP42 – Interview with Greg Daugherty, ESOP attorney from Columbus OH to discuss 401(k), ESOPs and KSOPs.
This is our 2nd interview with Greg Daugherty with Porter Wright in Columbus, OH. Greg and I discuss the planning side of what companies will do with their existing 401(k) plans when you combine them with a brand new ESOP. What are the issues behind safe harbor and highly compensated people. Additionally, what is a KSOP and when would we want to incorporate their use in the planning of your new ESOP.
Sep 29, 2020 • 38min
EP 41 - What is one thing you would do as President? Strategic Planning for companies going ESOP
This episode covers an overview of how to do strategic planning in a step by step process to be prepared to move through the ESOP process with an advantage that provides higher valuations and more sustainable results.
