SIOUX FALLS ESTATE PLANNING COUNCIL

This event will be offered in person at the Minnehaha Country Club or virtually from your home/office. 

A buffet lunch will be served starting at 11:30 am. The webinar begins at noon.

Registration for in-person attendance will close at 5 pm on Thursday, February 5th. 

About the Program

Employee stock ownership plans (ESOPs) can be a highly effective tool for preserving a company’s legacy and culture, while allowing owners a tax-efficient way to transition ownership of their businesses and create liquidity. This session will explain how and why ESOPs are used for ownership succession in privately held businesses by:

• Explaining what an ESOP is, how ESOP transactions are structured, and how ESOPs operate over time
• Delving into the advantages and drawbacks of using an ESOP for ownership succession
• Describing the characteristics of strong, and weak, ESOP candidates
• Providing case studies to help participants visualize how an ESOP may work for their clients

About the Speaker

Joel Davis, Vice President of ESOP Consulting at Principal®, has nearly 30 years of experience working with employee stock ownership plans (ESOPs) and the companies that sponsor them. Joel engages with business owners and their advisors to define their objectives and design, implement, and communicate ESOPs. His areas of technical expertise include consulting on ESOP feasibility and transaction issues, participant benefit modeling, repurchase liability and sustainability analysis, structuring plan designs to achieve long-term objectives, and administration.

He is an active member of The ESOP Association (TEA), the National Center for Employee Ownership NCEO), the Ohio Employee Ownership Center, and the Minnesota/Dakotas Chapter of TEA. He is a frequent speaker at national and regional conferences and has authored and co-authored several articles on technical ESOP topics.

Joel earned a Bachelor of Arts degree in Management from Hamline University in Saint Paul, Minnesota and a Master of Business Administration degree from the University of Saint Thomas in Minneapolis, Minnesota.

Joel and his wife Heather live in Excelsior, Minnesota and have five adult children. In his free time, Joel can be found hunting, boating, or watching the Minnesota Wild.