Journey to an ESOP & Beyond
Phillip Hayes and Jason Miller
ESOPs are gaining traction. In the "Journey to an ESOP & Beyond” podcast, Phillip Hayes and Jason Miller explain the process of the ESOP transaction and address ESOPs from a business owner's perspective. They illuminate the simplicity of ESOPs and debunk common misconceptions that ESOPs are immensely costly and complicated.
Episodes
Mentioned books
May 31, 2021 • 45min
EP18 - Lifecycles of ESOPs - discussion with James Urbach - ESOP trustee
James Urbach has been doing ESOPs for the last 20 years transitioning from the Department of Labor to transacting ESOPs and providing the functional role as independent trustee. He has some great insight into the lifecycle of an ESOP company!
May 21, 2021 • 44min
EP17 - Perfect Storm - ESOP Tsunami - predicting many more ESOPs over next ten years
This episode focuses on factual data and interpretive trends to evaluate what is going to happen in new ESOPs over next ten years not more importantly why....
May 15, 2021 • 36min
EP16 – ESOP Politics – discussion with Renee Lewis from Holland and Knight – Chicago, IL
In this episode, Renee and I discuss the current political climate as it relates to ESOP with a particular focus on the new administration. What should we expect in the future relative to the government’s support of this awesome opportunity for selling shareholders, their companies, and their employees?
May 7, 2021 • 41min
EP15 - Taken- selecting the right advisor for your ESOP.
This episode outlines the roles as responsibilities of multiple advisors along your journey to an ESOP. There are insights into selecting the right advisor for your situation and general tips on qualifying them to support you in the short and long term as well as help you avoid possible pitfalls.
May 2, 2021 • 39min
EP14 - Why ESOP culture makes a difference! Discussion with Daniel Goldstein from Folience - a portfolio of ESOP companies.
In this episode - Daniel and I discuss the particular benefits of an ESOP to the employees - he does a great job of explaining their ESOP culture at Folience and the remarkable story of integrating other ESOP companies into Folience. This episode also digs into the reality of how ESOPs make a difference for all of our communities!
Apr 23, 2021 • 38min
EP13 - You wanted to be a banker - financing your ESOP transaction.
How much cash can you get at closing? This episode provides some insight into how to approach the bank for financing as well as my own research in discussions with over 100 bankers in the last twelve months regarding their approach to financing ESOPs.
Apr 16, 2021 • 43min
EP12 - Discussion on second stage ESOP transactions with James Bristol and Sean Sullivan with Waller Law Nashville, TN.
In this discussion, ESOP attorneys James Bristol and Sean Sullivan walk out the background behind redemption versus sale of stock to ESOP typically used in second stage ESOP transactions supporting a partial ESOP sale strategy. This connects well with Episode 11 regarding the Department of Labor topic.
Apr 9, 2021 • 26min
EP11 - Pearl Harbor - DOL invasion for an ESOP transaction with redemption versus sale
This episode delves into the DOL (department of labor) investigating ESOP transactions to help understand the potential structure of an ESOP transaction using redemption of stock versus the sale of stock to the ESOP.
Mar 31, 2021 • 32min
EP10 - Interview with Nick Francia with UBS regarding the 1042 transaction.
This episode covers the details of a 1042 transaction through a discussion with Nick Francia at UBS - we cover the floating rate notes and leveraging the qualified replacement property with either an active or passive investment strategy.
Mar 26, 2021 • 29min
EP9 - Braveheart - Control vs. Non-Control affecting your ESOP transaction.
In this episode we discuss the issues related to control versus non-control - in other words what portion of the company are you selling. If the ESOP purchases something less than control - than there will likely be a reduction in the valuation.
