ESOPs: Uses, Strategies, Benefits and Pitfalls | 4152409A


Date :
November 11, 2015 8:30 AM - 4:00 PM
Location :
San Francisco Peninsula
Facility :
CalCPA Studio
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Level of Difficulty :
Member Price :
Nonmember Price :
CPE Credits :
CPE 8.00, MCLE 6.50, CFP 8.00
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Get acquainted with the most popular ESOP scenarios and structures you are likely to encounter when working with private companies. We'll examine implementations for C and S corporation clients using real-life case studies; learn how ESOPs are used to achieve various planning objectives; and how to avoid tax and legal risks often perceived as ESOP byproducts. ESOP valuations and GAAP accounting for ESOP loans will be presented by guest experts.


  • Determine appropriate ESOP transaction for your company or client.
  • Identify when an ESOP is appropriate.
  • Recognize fiduciary risk management.
  • Identify the basics of ESOP feasibility analysis.
  • Recognize current and emerging issues.
  • Identify tax advantages of ESOPs and non-ESOP alternatives.
  • Determine problematic plans and potential pitfalls.


Major Subjects:

  • ESOPs: Different types; how they differs from other retirement plans; advantages and disadvantages; coordinating with 401(k) and other plans
  • S vs. C corporation tax strategies
  • Fiduciary liability
  • Valuation
  • Liquidity and repurchase liability
  • Tax qualification requirements
  • Distribution rules
  • Shareholder rights
  • Employee and beneficiary rights
  • Deduction limits and share release formulas
  • Suitability analysis, feasibility studies and plan design issues 
  • Internal Revenue Code provisions
  • Prohibited transactions
  • Financing alternatives
  • Anti-abuse testing strategies for S corporation ESOPs
  • IRS positions on plan design and administration plan fiduciary considerations
  • Department of Labor issues and audits

Advanced Prep:

Read case studies in ebook prior to lecture.

Misc. Information:

The lunch period for this event will be 30 minutes and a box lunch is included in your registration fee. Class will adjourn at 4 p.m. unless otherwise specified.

Pay the lowest price and save up to 60% with the CalCPA Education Foundation’s discount programs.

To ensure that all credit is properly recorded, please review your information and update your CPA, CFP, CTEC or Bar license number(s).

Level of Difficulty:
Field of Interest:
Management Advisory Services

Knowledge and experience in corporate tax and business transactions. Basic knowledge of qualified retirement plan taxation.

Designed For:

CPAs, attorneys, CFOs, controllers and other financial professionals interested in learning more about identifying and consulting on ESOP strategies.


Kevin G Long, Esq.
Kevin Long is a Certified Taxation Law Specialist by the State Bar of California Board of Legal Specialization (CBLS). He is one of only approximately 300 tax specialists of over 156,000 active California lawyers. His particular emphasis is on ESOPs, ESOP transaction planning and nonqualified and equity-deferred compensation planning. Throughout Long's career, he has helped guide over 250 ESOPs and ESOP companies to success, including both publicly traded corporations and privately held companies. Long began his tax career as an attorney in the San Francisco office of the nation’s largest public accounting firm. He is a member of and a frequent contributing speaker and author in the area of ESOPs for the National Center for Employee Ownership (NCEO) and The ESOP Association. He authored, and has taught, the accreditation course materials on ESOP administration for the American Society of Pension Professionals and Actuaries (ASPPA) and the National Institute of Pension Administrators (NIPA). Long was selected by his peers for inclusion in the registry of The Best Lawyers in America and in the publication Superlawyers. He is a Fellow of the American College of Employee Benefits Counsel of the American Bar Association.


  • Materials - ebook
  • Materials - Hardcopy Textbook