ESOPs and Contractors: “Building” an Ideal Succession Plan

Business and ownership succession is hard for any industry, but it can be even harder for contractors. For some, selling to employees through an Employee Stock Ownership Plan (“ESOP”) can be an attractive alternative to other sale options. ESOPs have become especially popular in the construction industry, allowing the company to remain independent, reward employees with ownership and capitalize on tax incentives available to ESOP-owned companies.

Join members of our business valuation and construction teams as they provide guidance to help solve business and ownership succession challenges, and steps to determine if an ESOP makes sense for your construction company, including:

• Case studies about business and ownership succession challenges with contractors
• Advantages of ESOP ownership
• Why ESOPs are popular with contractors
• How contractors are valued and typical valuation multiples
• Key steps to implementing an ESOP

This webinar qualifies for 1.0 hour of CPE based on Ohio CPE requirements.

Please note our webinar sessions can accommodate a maximum of 500 individuals. Should you experience difficulties accessing the live broadcast, it is likely due to reaching attendee capacity. For your convenience, a recording will be made available on our webinar recording webpage following the presentation.