Audio/Web Conference: ESOPs: For Your Client's Business Transition
CPE CE Credit Approvals
The recommended number of CPE credit hours is: 1
The Society of Financial Service Professionals is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
The Society offers programs at intermediate to advanced levels of continuing professional education. Although no pre-requisite course or advanced preparation is needed to participate in any program, knowledge of, or experience in, the program topic is required.
The Society's Refund Policy states that a refund may be given in most circumstances, less a $50 service fee. For more information regarding administrative policies on complaints and refunds, please contact our office at (800) 392-6900.
The following State Boards of Accountancy will accept CPE credit from National Registry Sponsors:
There are no formal registration requirements for course providers in the balance of the states.
* You must participate in the live event to get the PACE, CPE and CFP credit.
This presentation examines how Employee Stock Ownership Plans (ESOPs) can be a very tax-advantaged method of transferring a closely held business from one generation to the next or to key management. As your clients are seeking advice regarding their exit strategy, you'll discover how ESOPs can enhance your practice as well. ESOPs offer many advantages, tax and otherwise, to the selling shareholder, the sponsoring company, and the employees including immediate liquidity (whole or part), no third party buyers, corporate tax deductions, and capital gains tax deferrals. With the largest transfer of wealth in U.S. history occurring over the next 10-15 years, you owe it to your clients who are concerned about selling their business or about succession planning to discuss an ESOP as a potential business transfer solution.
Attendees will learn:
Daniel Zugell LUTCF, CLU, ChFC is Director of Los Angeles based Business Transition Advisors, Inc. (BTA) and runs the Eastern U.S. BTA office. BTA is a nationally recognized firm dedicated to assisting owners of closely held businesses with their business succession and liquidity planning including stock and asset sales, private equity sales, leveraged management buyouts, entity corporate redemption and Employee Stock Ownership Plans (ESOPs). Since 2003, Dan has specialized in executive benefits, nonqualified deferred compensation planning and ESOP repurchase liability financing as Regional Director-Central U.S. for MetLife Group's Specialized Benefit Resources division and as Regional Director-Central U.S. for Guardian Insurance Company. During this time, Dan was published in the prestigious Journal of Financial Service Professionals/May 2007 with his article titled "Executive Benefits for ESOP-Owned S Corporations Post-IRC Secs. 409A and 409(p)." Dan holds a B.A from Grove City College and has earned several advanced financial designations from The American College including Chartered Financial Consultant, Chartered Life Underwriter and Life Underwriter Training Council Fellow. He holds Securities Series 7 & 63 licenses as well as life/accident/health insurance licenses.