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
May 27, 2020 • 29min
EP21 - Interview with ESOP attorney - David Joffe - partial ESOPs
This episode explores partial ESOPs as either non-leveraged, non-leveraged with redemption, or leveraged. It provides a good overview of each type with pros and cons so that the listener can better understand their options early on in the ESOP process.
May 21, 2020 • 31min
EP20 - Interview with Miguel Paredes - former DOL supervisor now Trustee Los Angeles CA
This episode provides a unique perspective by interviewing Miguel Paredes - an independent trustee that has prior experience in working for the department of labor reviewing ESOPs. We cover the DOL process agreement to better understand the approach to putting an ESOP deal together with best practices.
May 18, 2020 • 21min
EP19 - Bill and Ted's ESOP Adventure - 1+1=4
This episode helps the listener better understand the process of merging entities and percentages to maximize the valuation and create a more sustainable ESOP.
May 9, 2020 • 27min
EP18 - Interview with ESOP business valuation expert - Will Rodriguez - Tampa, FL
This interview focuses on the business valuation process to support the ESOP transaction with trustee expectations and role of valuation firm. Will has over 20 years experience and offers insight into the process and current situation with Covid-19's effect on existing transactions and existing ESOP companies and how they may be utilizing interim valuations.
May 4, 2020 • 24min
EP17 - Risky Business - Focus on risk related to Access to Capital.
For companies on a journey to an esop - this episode covers the significance of addressing and mitigating business risk with a focus on the risk of a business in terms of their access to capital. The podcast provides some ways to mitigate this risk.
Apr 29, 2020 • 25min
EP16 - Interview with Brandon Ernstes ESOP insurance expert with Houchens Insurance, Nashville TN
This episode tackles the perspective of an ESOP insurance professional and the role that they play in the process of a new ESOP company.
Apr 26, 2020 • 23min
EP15 - Did Uncle Sam Go Crazy? ESOPs - issues and opportunities related to tax exempt S-corps.
In this episode details related to the ESOP tax exemption for S-Corporations and a brief discussion on its limitations that need to be addressed early on in the planning process.
Apr 20, 2020 • 26min
EP14 - Interview with ESOP Trustee - Wayne Isaacks from Houston, TX - discussion on ESOPs during the Covid-19 crisis
This interview focuses on the role of the independent trustee in an ESOP transaction. The discussion also explores transactions during economic times of uncertainty.
Apr 16, 2020 • 25min
EP13 - Interview with Commercial Banker - David Stahl from Hillcrest Bank, Salt Lake City, UT - PPP loan process
The interview focuses on the PPP process from the commercial banker's perspective. David Stahl offers great insight for companies going through the process and has funded over $100 million in new PPP loans in the past two weeks.
Apr 9, 2020 • 23min
Ep12 - Dante's Inferno - Reinventing Your Business Model Through Times of Uncertainty
This episode comes at a critical time in our economy for those considering an ESOP - especially those affected by the shutdown - this podcast helps provide insight and practical steps to reinventing your business.
