Unlocking the Power of ESOPs: A Key to Succession Planning
Join AGC of CA for an informative and engaging session where you'll dive deep into the world of Employee Stock Ownership Plans (ESOPs) and discover how they can play a vital role in your business succession strategy. This event is designed for business owners, financial advisors, HR professionals, and executives looking to learn about ESOPs as a pathway to transitioning ownership while empowering employees
Join AGC of CA for an informative and engaging session where you’ll dive deep into the world of Employee Stock Ownership Plans (ESOPs) and discover how they can play a vital role in your business succession strategy. This event is designed for business owners, financial advisors, HR professionals, and executives looking to learn about ESOPs as a pathway to transitioning ownership while empowering employees.
What You’ll Learn:
- The Role of ESOPs in Succession Planning: Learn how an ESOP can serve as a strategic exit option for business owners, helping to preserve the company’s legacy and ensure a smooth transition.
- Formation and Structure of an ESOP: Gain insights into the process of forming an ESOP, from initial planning to implementation, and explore the unique structure of ESOPs.
- Expert Perspectives: Hear directly from a financial planner specializing in ESOPs, an experienced ESOP attorney, and a business owner who recently completed the sale of their company to an ESOP. Learn about the financial, legal, and practical considerations involved in establishing an ESOP.
- Real-World Case Study: Listen to a firsthand account from a business owner who navigated the ESOP process. Hear about their personal experience, key challenges, and the long-term benefits of ownership through an ESOP.
Who Should Attend:
- Business owners considering succession planning options
- Financial advisors and planners interested in ESOP structures
- HR professionals seeking to understand the impact of employee ownership
- Executives exploring exit strategies for privately held companies
- Legal professionals who want to gain insight into ESOP legal frameworks
Why Attend: By attending this event, you will not only learn the technical aspects of ESOPs but also gain practical, real-world insights from experts who have successfully guided businesses through the process. You’ll walk away with a clearer understanding of how ESOPs can benefit your business, employees, and long-term legacy.
Don’t miss this opportunity to explore a powerful succession planning tool that could be the perfect solution for your company’s future!
About the Instructors
Dan Parrish is a Charter Life Underwriter, Certified Financial Planner, Certified Exit Planning Advisor and is the President of Dan Parrish Insurance Services, Inc. (DPIS) and Dan Parrish & Associates Inc. (DPA). Which is a consulting and financial planning firm that has expertise in estate and business succession planning. Dan, as an experienced advisor, provides innovative wealth protection strategies for his affluent business and estate owners. This is accomplished by involving a team of specialists through a dynamic process, which enables the team to assist individuals in achieving their financial/estate planning goals.
With 18 years in practice, Wendy Gilligan has the expertise to guide companies through the entire range of ESOP issues, including setting up an ESOP, keeping it running in good condition and terminating the plan or selling to a third-party if the time comes. She works with ESOP-owned companies and ESOP trustees, so she understands the business and ERISA issues they both face. Her ESOP company clients are primarily in the construction, manufacturing and engineering sectors. Wendy received her J.D. from the University of California, Davis and LL.M. (Master of Laws) in Taxation from the University of Alabama.
Ron Brown grew up in the construction industry with his father, Bill Brown, as the founder of the company in 1964. Ron began working at job sites at an early age and delved into every aspect of the business. While obtaining his degree in civil engineering from Sacramento State University (prior to the school’s development of a construction management program) he continued to work on job sites. After college, Ron went to work for a national commercial contractor, gaining years of experience with large, complex commercial projects.
In 1988, he returned to Brown Construction to help the company diversify their mix of projects and clientele. Ron has an extensive background in the building of large, multi-phased projects requiring detailed management organization. His breadth of experience over the past two decades includes successful commercial, multi-family, institutional and retail projects which provide a solid leadership foundation for the company. Ron has been responsible for more than eight million square feet of projects developed under design build/design assist contracts, requiring analysis of design, materials and systems to assure the projects’ economic future. He maintains an active role with all projects at the company.
In addition to leading Brown Construction, Ron is very active in the community. He is currently on the board of directors for Region Builders (political action committee for the construction industry) and is a past board member of the Sacramento Regional Builders Exchange. For 12 years Ron served on the board of WellSpace Health (formerly The Effort)—an agency providing free and low-cost mental health and health services for those in need—including two years as president. Ron is also the past president of the board for the Sacramento Construction Management Education Foundation (SCMEF) at Sacramento State University. Ron currently serves on the Sacramento State University Alumni Association and Sutter Davis Hospital Foundation Boards of Directors.
