In the Weeds: ESOPs for Construction Companies
Recorded On: 07/10/2019
ESOPs can be an effective tool for exit planning, succession, and culture, if implemented properly and with the right company; and the current accounting for ESOP transactions is not necessarily intuitive. Both of these make ESOPS an important issue for all surety professionals. In this seminar we will explore the ESOPs effects on a company’s financial statements, resources and commitments, and discuss the following: what to ask and look out for when a company is considering an ESOP; good (and poor) candidates for ESOPs; benefits and challenges of an ESOP corporate structure; other commitments and changes that often accompany ESOP implementation; funding ESOP transaction debt, contributions and/or repurchasing obligations. The seminar will also include discussion of why construction companies with ESOPs can be attractive to bond producers and sureties.
This important topic presents an exciting opportunity for you to host this NASBP Virtual Seminar for your construction clients or to share the information on how they too can register to participate in this live or recorded Virtual Seminar.
Senior Manager at Albin, Randall & Bennett
Ben Lord is a Certified Public Accountant, Certified Construction Industry Financial Professional (CCIFP) and Senior Manager at Albin, Randall & Bennett (ARB). He specializes in providing financial accounting, income tax planning and business consulting services primarily to construction and real estate development entities. He also directs the Firm’s overall Employee Benefit Practice, with specialized expertise in 401(k) plans, ESOPs and executive deferred compensation plans.
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