An employee stock ownership plan (ESOP) is a tax-advantaged succession-planning vehicle and retirement plan that’s sometimes overlooked. Guest Cara Benningfield joins host Damien Martin to explain how ESOPs can help preserve the culture and legacy of a business and discuss the pros, cons and risks of an ESOP transaction.
TIME STAMPS OF WHAT’S COVERED
BIO FOR GUEST
Cara Benningfield is a partner in BKD’s Bowling Green, Kentucky practice and leader of BKD ESOP Transaction Services Group. She structures and facilitates the creation of new ESOPs and works with existing ESOPs in matters ranging from acquisition structuring to repurchase planning and analysis. Cara’s experience with ESOPs also includes providing financing assistance, tax planning, ongoing plan administration, employee communication and structuring of executive incentive plans.
ADDITIONAL RESOURCES
Bonus Discussion: Why Cara Benningfield ♥s ESOPs
Video: Impacts of Tax Reform on ESOP Companies
Webinar archive: ESOPs: Continuing a Legacy
Articles:
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