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ESOP Workbook: The Ultimate Instrument in Succession Planning


Forms, checklists, and step-by-step instructions for choosing and implementing an ESOP

Financial officers need to know how to compare an Employee Stock Ownership Plan (ESOP) with other comparable plans and how to effectively present an ESOP proposal to corporate executives. ESOP Workbook: The Ultimate Instrument in Succession Planning is designed to help the corporate owner, financial officer, CPA, and attorney determine if an ESOP is appropriate for meeting a company's objectives and, if so, how to successfully implement a suitable ESOP.

The Workbook's step-by-step use of forms and checklists shows the financial officer how to judge the feasibility of installing an ESOP versus other qualified or nonqualified plans or approaches. Divided into three sections–– Decision Stage, Valuation and Financing Stage, and Transaction Stage–– the Workbook answers such questions as:

  • How to decide upon your objectives
  • How to value your company
  • How to determine the feasibility of an ESOP
  • How to obtain financing
  • What to do about your present plan
  • How to invest the proceeds
  • How to do the accounting
  • How to communicate the ESOP to employees

Once a suitable plan is chosen, the Workbook then guides readers through the entire implementation process.

The Workbook also contains useful information for financial advisors and life insurance agents who need to know about ESOPs for their business. Valuable as a supplement to ESOP: The Ultimate Instrument in Succession Planning or as an independent resource, the ESOP Workbook is a one-stop practical guide for CPAs, attorneys, CFOs, and owners of private and public companies.

ROBERT A. FRISCH is Chairman/CEO of The ESOT Group, Inc., in Los Angeles, California, a firm that specializes in the implementation and management of ESOPs.
1. How to Use this Workbook.

2. What Is an ESOP?

3. What Are Your Objectives?

4. Methods I Want to Use for Selling Stock.

5. Stockholder Sale of Stock Under IRC Section 1042.

6. Creating Capital.

7. Selecting the Implementer.

8. ESOP Team.

9. Questions the Trustee Should Ask in Hiring an Appraiser.

10. Selecting a Trustee.

11. Naming the ESOP Committee.

12. Selecting the Administrator.

13. How to Communicate the ESOP to the Employees.

14. Feasibility Study Questionnaire.

15. Valuation of the Company for ESOP Purposes.

16. Financing.

17. Determining the Type of ESOP Transaction.

18. Estimating the Amount of Financing Needed.

19. Actions to Take Once You Have Decided to Install an ESOP.

20. Allocation.

21. Vesting.

22. Control.

23. Designing the ESOP Plan Provisions with the Attorney.

24. How to Communicate the ESOP to the Employees.

25. How to Coordinate the ESOP with Other Qualified Plans.


27. Type of Qualified Replacement Property Selling ShareholderMight Contemplate.

28. Repurchase Liability.

29. Repurchase Liability Study Questionnaire.

30. Estate Planning.

31. What Has the Major Stockholder Done in Connection with EstatePlanning?

32. Management Buyout.

33. Are You Selling Part or All of the Company to an Outsiderat this Time? Why?

34. Eligible Employees.

35. Contribution Limits.

36. Census to Compute.

37. Formula to Determine Contribution Limits.

38. Whether to Be a C- or an S-Corporation ESOP.

39. The Decision-Making Process.

40. Items You Should Consider in Converting from a C-Corporationto a Subchapter-S Corporation.

41. Provisions That You Should Tell Your Advisor.

42. Letting Your Employees in on Certain Aspects of Your Company.

43. Diversification.

44. How We Would Distribute ESOP Benefits.

45. Equity Benefit Other Than ESOPs.

46. Accounting for the ESOP.

47. Anti-Abuse S-Corporation Rules.

48. The Free ESOP Information Hotline.