48: Assessing the Feasibility of an ESOP


In this episode, we continue our coverage of The ESOP Association's 4th Annual Great Lakes Regional Conference [www.esopassociation.org/chapters] held October 18th - 19th, 2018 at the Kalahari Resort in Sandusky, Ohio, by sharing a session on "Assessing the Feasibility of an ESOP."


This session was presented by Brian D. Bornino, CPA/ABV, CFA, CBA, Director of Valuation & Financial Opinion Services at GBQ Consulting LLC, Columbus, OH (Moderator); David L. Bosch, Primary Consultant Defined Contribution and Cash Balance Division at Watkins Ross, Grand Rapids, MI; and Andrew J. Manchir, ASA, CMA, CEPA, Director of Valuation and ESOP Services Groups at Katz, Sapper & Miller, Indianapolis, IN.


This session is for business owners considering a sale to their employees through an ESOP. It provides an overview of ESOPs and their advantages, and then takes a deeper-dive into some of the key elements of assessing whether an ESOP is feasible (e.g., valuation, financing, management succession, and operating with an ESOP). We also discuss case studies of successful transitions to employee ownership through an ESOP.


Listen to this episode on Soundcloud.

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