Journey to an ESOP & Beyond
ESOPs are gaining traction. In the "Journey to an ESOP & Beyond” podcast, Doeren Mayhew's Jason Miller and Makenzie Ragland explain the ESOP transaction process 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.
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“Doeren Mayhew" is the brand name under which Doeren Mayhew Assurance, PC and Doeren Mayhew Advisors, LLC and its subsidiary entities provide professional services. Doeren Mayhew Assurance, PC 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, PC 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.
Journey to an ESOP & Beyond
EP25 - Interview with Greg Daugherty - ESOP Attorney, Columbus OH
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In this episode, an experienced ESOP attorney provides insight into evaluating employee ownership from the perspectives of both the selling shareholder and key management. The discussion explores the potential benefits of an ESOP, the different options available, and the considerations each group should understand when determining whether employee ownership is the right path forward.
For business owners and management teams on a journey to an ESOP, understanding how the transaction affects each stakeholder is an important part of the planning process. This episode provides a helpful legal perspective on evaluating the available options, aligning objectives, and preparing both sellers and key leaders for a potential transition to employee ownership.
