This episode of our Public Policy & Regulation Group's "Eyes on Washington" podcast series is guest hosted by the co-chairs of the firm's ESOP (Employee Stock Ownership Plans) practice, Renee Lewis and David Pardys. They are joined by tax attorney Joshua Odintz to discuss a recent press release issued by the Internal Revenue Service (IRS) warning businesses and tax professionals to be alert to a range of compliance issues that can be associated with ESOPs. This conversation outlines the key components of the press release and how it impacts the ESOP community. 

For more, visit: https://www.hklaw.com/en/insights/media-entities/2023/08/podcast-discussing-and-demystifying-the-irs-news-release-on-esops

Discussing and Demystifying the IRS News Release on ESOPs

In this episode, we sit down with Brandt Brereton, the general partner at Perpetuate Capital (https://www.perpetuatecapital.com/), a firm that provides succession and growth capital to small and medium-sized businesses, primarily through ESOP transactions.

We kick things off by talking about The 3 Wins financial model designed for business owners and founders. We discuss the importance of keeping The 3 Wins in balance—the financial legacy for the shareholder, the win for the company, and the win for key leaders—for your company to achieve lasting success. 

Learn how forecasting strategies, understanding stakeholders, and incentivizing key people can make a difference in your business. We also explore how being a steward can bring God's financial blessing to your business. 

Next, we delve into the intriguing world of ESOPs or Employee Stock Ownership Plans. We break down the benefits of using an ESOP to ensure your business has a lasting kingdom impact, while maintaining control of the board of directors and preserving the culture of the business. We examine the structure of ESOPs and how they can provide a tax shield for businesses. Plus, we take a close look at the emotional, physical, spiritual, wisdom, family, and financial costs of profit.

In the final part of our discussion, we tackle the topic of succession planning and the challenges that business owners face when transitioning out of their businesses. We offer potential solutions such as finding outside successors, forming a team to carry the business forward, and appointing a CEO for a transition period. 

Don't miss this engaging conversation packed with insights and strategies that can make a difference in your business. Listen in as we demystify the ESOP process, reveal the importance of transparency, and discuss how to create a lasting kingdom impact with your business.

Subscribe to The 3 Wins 👉https://the3wins.substack.com/ 

Resources from The 3 Wins
To learn more about how to apply The 3 Wins Framework in your business, download our FREE whitepaper, “The 3 Wins: How to Unleash the Collaboration Effect on Profits in Your Company,” here: https://www.legacyadvisorypartners.co... 
“The Great 8: A New Paradigm for Leadership,” by J. David Harper, Jr., CEO of Legacy Advisory Partners: https://www.amazon.com/Great-New-Para... 
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The 3 Wins Podcast is brought to you by Legacy Advisory Partners.

Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer member FINRA/SIPC. Advisory services through Investment Advisor Representatives of Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Cambridge and Legacy Advisory Partners are not affiliated. Perpetuate Capital is not affiliated with Cambridge or Legacy Advisory Partners.

E41: Brandt Brereton: Navigating the Complex World of ESOPs

It's time for our annual EO/ESOP Podcast Summer School series. We've selected some of our favorite episodes over the past year for your enjoyment over the summer break.

Bret Keisling was joined by Peter Newman, founder of Peak Wealth Planning [www.peakwealthplanning.com/], a boutique financial advisory firm specializing in high net-worth individuals with an emphasis on employee ownership.

In this episode, Peter discusses the various considerations someone should make as they begin planning for a successful retirement.  Many employee owners may retire with a nest egg that generates more income than the salary.  Peter describes how a mindset shift can be necessary to focus on designing and funding a retirement lifestyle, and why making and implementing financial decisions during the career can have a huge impact on retirement.

This episode was originally published on January 10, 2023, as the first in a three-part series, which is now available in its entirety on our website. The show notes for this episode also include a helpful PDF called "The Employee Owner's Guide to Diversification and Retirement Planning."

https://www.theesoppodcast.com/post/esop-summer-school-43-peter-newman-successful-retirement-planning

ESOP Summer School 43: Peter Newman - Successful Retirement Planning

It's time for our annual EO/ESOP Podcast Summer School series. We've selected some of our favorite episodes over the past year for your enjoyment over the summer break.

Today we're sharing an episode of the "Owner to Owner" podcast. Host Jesse Tyler was joined by three great employee owners at 100% ESOP King Arthur Baking Company, Michael Scanlon, Manager, Workforce Acquisition and Growth, David Turner, Recipe Developer, and Ana Gallo, Fulfillment Operations Manager.

Each guest shares personal insights on what ownership means to them; how they describe ownership when talking to family, friends, and strangers; the three words they use to describe ownership; their EO A-ha moments; and why anyone seeking work should consider a career at King Arthur.

This episode was originally published on October 11, 2023, as Episode 52 of the "Owner to Owner" podcast.

ESOP Summer School 44: Owner to Owner with King Arthur Baking Company

The ESOP Podcast invites listeners to hear insights from the best in the world of employee ownership,  from lawyers, to valuators, to CEOs, and even employee owners themselves – each bringing their own unique outlook and experience to our ongoing conversation about what makes ESOP participation so valuable to companies!

New tracks tagged #ESOP