Journey to an ESOP & Beyond
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
205 episodes
EP7- ESOP Experience Industrial Supply Company (ISCO) with Jason Ireland, President
On this podcast episode we interview Jason Ireland, President of Industrial Supply Company (ISCO), a distributor of manufacturing parts who went 100 percent ESOP last year. Jason explains the step by step process their 100-year-old company went...
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Season 6
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Episode 7
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38:39
EP6 - Mad World of ESOPs - As Transactions Vary
The Mad World of ESOPs! This episode reviews the roles ESOP professionals play and the reality of variance in one transaction to another. We discuss the differences in costs, approaches to structure, closings, and other areas given ...
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Season 6
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Episode 6
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43:45
EP5 - Selling an Employee-Owned Company - Discussion with Greg Daugherty ESOP Attorney
In some cases an ESOP company can choose to sell to an outside buyer after they transition to an employee-owned company. In this episode Greg Daugherty, Porter Wright and, I discuss the factors related to selling your company after it has...
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Season 6
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Episode 5
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46:52
EP4 - Casino Royale - Taking Chips Off The Table - Partial ESOPs
Arguably one of the best James Bond 007 movies - “Casino Royale” - is it time to get some chips off the table? This episode focuses on the motivations of why some companies look at doing a partial ESOP which is going to be accompanied by ...
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Season 6
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Episode 4
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39:59
EP3 - ESOP Interview with Jeff Forrestall from Forrestall CPAs to discuss ESOP Financing and Tax Planning
Journey to an ESOP and Beyond continues to bring perspectives that can challenge conventional thinking and at the least provide the listener with questions for their advisors. Jeff Forrestall, CPA provides a good overview of the changes i...
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48:30
EP2 - Meet Joe Black - Death and Taxes - 453a Tax Issue Related to Seller Note and Capital Gains Tax
This episode takes advantage of the classic film “Meet Joe Black” starring Brad Pitt and Anthony Hopkins. The podcast uses the movie to demonstrate the two guarantees in life - Death and Taxes. The nuances of taxes can catch individuals b...
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Season 6
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Episode 2
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21:00
EP1 - It Takes A - TEAM (Special Message for New Season)
This is the first episode of the new year where we like to cover changes to the podcast. This kick off message for season 6 focuses on our core value: “It Takes A Team”. This works out well to connect the dots on the old tv show and ...
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Season 6
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Episode 1
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30:58
EP33 – ESCA - Interview with Noelle Montano – ESOPs and Washington
In this episode, Noelle Montano returns to discuss ESCA’s tireless efforts to preserve and promote the S-Corporation ESOP in Washington after the 2024 election. We also discuss some of the impacts employee ownership has on companies, communitie...
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Season 5
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Episode 33
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47:06
EP32 - ESOP Experience with Tactical Rehabilitation Insight from Kevin MacRitchie, CEO and Karen Lyons, CFO On Their Journey To An ESOP
Every company has its own lessons to be learned in the journey of converting to an ESOP. This interview with Kevin MacRitchie, CEO and Karen Lyons, CFO of Tactical Rehab provides key leadership perspective on the transition of this company thro...
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Season 5
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Episode 32
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56:57
EP31 - Alone Again, Naturally Needing To Consider Leadership For An ESOP
This episode highlights the leadership issue a business finds itself continually facing. Ongoing leadership development is a common concern with most companies both before, during, and after the ESOP transition. Going through the feeling ...
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Season 5
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Episode 31
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42:38
EP30 - Challenges For Mature ESOP Companies
This episode addresses effort the challenges and applicable solutions for a mature ESOP company. Diana Clark and Jason Miller provide insight into including preservation of ESOP knowledge in the organization contemplating changes to leadership....
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Season 5
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Episode 30
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47:27
EP29 - Fast and Furious - How Do You Gain Support For Your ESOP
This episode was inspired by the recent NCEO conference and provides a good overview for those that are new to an ESOP or those who have recently transitioned to an ESOP. The podcast discusses the need to build the employee-ownership concept as...
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Season 5
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Episode 29
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37:33
EP 28 - Estate Planning and ESOPs: Interview with Agnes Gregory (Tax Partner) and Justin Stemple (ESOP Attorney)
This episode is extremely timely given the potential changes to estate tax. Agnes Gregory with Berman Hopkins CPA tax team in Orlando FL and Justin Stemple with Warner Norcross + Judd from Grand Rapids, MI explain how important it is to h...
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Season 5
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Episode 28
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44:43
EP27 - Dirty Rotten Scoundrels - Identifying Roles at the ESOP Conference
This episode highlights ESOP advisors you may run into at the conferences (or really anywhere!) The topic is to help provide an overview of the ranging roles as it applies to ESOP advisory and how to choose advisors who can best support y...
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Season 5
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Episode 27
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43:39
EP26 - Interview with an ESOP Trustee - Bryce Lenox out of Cincinnati OH.
This episode focuses on the role of the ESOP trustee through an interview with Bryce Lenox - an ESOP trustee out of Cincinnati, OH. Bryce does a great job reviewing the role of an ESOP trustee both on the transaction and ongoing sid...
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Season 5
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Episode 26
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42:05
EP25 - Pink Panther - The Strangeness of ESOP Negotiation
In this podcast episode we use a classic scene from the movie “Pink Panther” which highlights using the “American” French accent to illustrate the strangeness related to an ESOP negotiation. In ESOP transactions it is important to underst...
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Season 5
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Episode 25
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37:21
EP24 - The Power Of Monthly ESOP Communication With Diana Clark
This episode we invite Diana Clark, who specializes as a full-time ESOP communication’s consultant, to provide a framework to understand the power of frequent and effective communication around employee ownership. If you are brand new to ...
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Season 5
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Episode 24
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49:59
EP23 - Inside Out - Part 2 - Inside Note vs. Outside Note
This episode is part 2 of discussing the inside note versus the outside note on an ESOP transaction. We feature the recently released part 2 of Inside Out - as it is an excellent sequel in the story of how human emotions can play into how...
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Season 5
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Episode 23
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40:45
EP22 - ESOPs for the Construction Industry – interview with Joe Hurt of RLH Construction, a 100 percent ESOP
This episode represents the 2nd interview with Joe Hurt of RLH Construction. Joe discusses some of the challenges and opportunities of an established ESOP. A few years into their ESOP, RLH Construction has experienced very strong re...
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Season 5
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Episode 22
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50:50
EP21 - Inside Out: Inside Note Vs. Outside Note - Part 1
This episode provides clarification to the difference between an inside note and an outside note. In an ESOP transaction there will be two types of notes created when the transaction occurs. This episode is part 1 of 2 episodes.&nbs...
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Season 5
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Episode 21
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36:04
EP20 - Corey Rosen with NCEO - An Update on ESOPs
On the podcast this week, we interview Corey Rosen, the founder of NCEO and a huge contributor to ESOPs discusses the updates and trends relative to ESOP companies. Through our discussion, Corey highlights the expansion of ESOPs as the fi...
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Season 5
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Episode 20
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48:23
EP19 - Miss Peregrine Home for Peculiar Children-Motivations for an ESOP
In this episode we discuss the motivations for selling your business to an ESOP. The focus of this episode is to help better understand the reasons to choose an ESOP. The episode was encouraged by the experiences of working through ...
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Season 5
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Episode 19
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36:58
EP18 - Dealing with Mature ESOPs, Repurchase Liability, Changes in Economy, and Re-leveraging - Discussion with Renee Jenkins with Holiday Builders
This episode will be very informative through the long-tenured experience of Renee Jenkins with Holiday Builder’s ESOP. Renee has been a long-time employee of the company managing the Finance/HR Branch. On this episode of the Podcast, we ...
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Season 5
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Episode 18
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44:51
EP17 - Quigley Down Under - Taking the Long Shot - Preparing for a Successful ESOP
We find that once an ESOP closes, there is some degree of uncertainty on the next steps. In this episode, we focus on the ESOP closing guide to prepare clients on the correct ways to implement the organizational structure and timeline of a succ...
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Season 5
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Episode 17
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33:29
EP16 - ESOPs and Private Equity - Discussion with Jason Miller
On this episode, Jason Miller (former National Director of ESOPs for Bank of America) and I explore the “Expanding ESOP Initiative” that was recently aired on 60 Minutes. The focus of this podcast is to provide an update as to what is hap...
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Season 5
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Episode 16
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46:38