Virtual XPX New York: Ownership Succession & the ESOP Value Proposition

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XPX New York Metro Chapter hosts monthly meeting that are focused on deep learning and networking with fellow advisors to privately-held businesses. Our speakers and attendees are experts who focus on particular aspects of the private company life cycle including business value growth, business value transfer and owner life and legacy.

An ESOP can provide significant benefits to shareholders, management and employees of a privately- owned businesses by creating wealth, stimulating employee engagement, increasing business liquidity, protecting income and assets, diversifying ownership and increasing overall corporate stability.

In this session, we will discuss:

• Insights on when businesses should consider an ESOP
• How ESOPS can maximize economic and tax benefits compared to alternative options
• The implementation of an ESOP
• Valuation methods, repurchase liabilities and key players involved in ESOP transactions
  
  
  

Our Speakers:

John N. Vitucci, Principal & ESOP Practice Leader - PKF O’Connor Davies

John N. Vitucci has more than 30 years of experience working with Fortune 500 corporations & private business in all areas of employee benefits, executive compensation and ERISA. John is currently an Adjunct Professor at Columbia University where he teaches Pensions & ERISA and Oral Communications for Actuaries in the Actuarial Master’s Program. He is also an Adjunct Professor at Baruch College where he teaches Deferred Compensation in the Master of Science in Taxation Program.

Harvey Katz, Partner, Co-Chair Employee Benefits & Compensation Department - Fox Rothschild LLP

Harvey Katz represents clients in all aspects of pension, executive compensation and employee benefits law. He frequently represents employers, trustees and lenders in connection with employee stock ownership plans (ESOPs) on compliance, fiduciary and transactional matters as well as the use of ESOPs in connection with business acquisitions.