Preserving the Legacy: Exit Planning with ESOP
Ensuring the best plan is in place for transitioning ownership and leadership of a business can be overwhelming, especially when there are employees, family members, and vendors who all count on the business.
In this workshop, we will discuss the option of selling a business to employees using an Employee Stock Ownership Plan (ESOP). We’ll learn:
- How an ESOP works and how to explore this option
- The benefits of an ESOP including an understanding of tax implications and succession planning
- How to determine if an ESOP is the right choice for you
Presented by CFBC Strategic Partners:
Edward J. Weisto - Senior Vice President and Director of the ESOP Finance Group, MB Financial Bank
The national ESOP Finance Group provides leveraged ESOP financing for middle-market businesses. Edward specializes in ESOP lending, debt capital markets, and leading syndicated leveraged finance transaction teams for ESOP, private equity, institutional, private and public clients. He is a member of The ESOP Association and the National Center for Employee Ownership.
Jeffrey C. Rambach – Partner, Burke, Warren, MacKay & Serritella P.C.
Jeffrey helps clients navigate the complex world of tax law to uncover value-maximizing tax credits. His tax practice encompasses four main areas: tax credits, transactional tax, private client/wealth management, and non-profit organizations.