Employee share ownership planning demystified
Employee ownership is an increasingly popular business structure for practices seeking sustainable growth and stability, increased employee engagement, and a sound succession planning strategy. But how does it work from a legal and financial perspective? Join the ACA Vic/Tas branch on 23 May for an informative CPD webinar with Marque Lawyers Senior Associate Georgia McGrath and Altus Financial Director Marc Walsh.
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As our business landscape evolves, it becomes increasingly important to align the interests of employees with the overall success and growth of the organisation. An Employee Share Ownership Plan (ESOP) can be a powerful mechanism to achieve this alignment. By allowing employees to accrue a stake in the business through equity, tied directly to the company’s financial performance, ESOP fosters an environment where employees are not just workers, but also stakeholders invested in the company’s prosperity.
The speakers will cover –
- How ESOPs work as a succession planning solution for businesses of all sizes
- Benefits for exiting owners
- Advantages for employees and potential buyers
- Key considerations for implementing ESOPs
- Tax benefits of different scenarios for the company and for the shareholders
SPEAKERS
Georgia McGrath is a Senior Associate at Marque Lawyers in their corporate team. She has a range of experience in assisting private and public clients with each stage of their business lifecycle, from setting up companies, to securing funding and advising on corporate transactions of all kinds. Georgia has a particular passion for helping founders to implement corporate structures that set their businesses up for success.
Marc Walsh, Director of Altus Financial, works with clients to bring the vision and concept for businesses to life, implementing strategies and tax structures to help support this. Marc’s strengths lie in Tax, FBT, remuneration, Capital Gains Tax and establishing structures that enable clients to run their day-to-day operations, but also to help with their strategic and long-term growth goals. A specialist tax practitioner, Marc can relay complex taxation matters in a simplistic way.
WHEN
Thursday 23 May 2024, 1–2pm AEST
(WA 11am; NT & SA 12.30pm; Qld, NSW, ACT, Vic & Tas 1pm)
COST & BOOKING
ACA Member $30
Parlour Collective/ArchiTeam $30
Non-member $60
Students $15
*Reserve your tickets by making a booking below. If this link doesn’t work on your device, head to this booking link.
CPD
Participation in this 1-hour event and submission of answers to CPD questions will deliver 1 formal CPD point.
Learning outcomes: After completion, attendees will better understand how employee share ownership works as a form of business succession planning, benefits, considerations for implementation and general tax implications for different non-specific scenarios.
AACA Competencies: Practice Management & Professional Conduct – PC 2
The webinar will include time for Q&A with our speakers. A link will be provided to upload CPD answers and for issue of a CPD certificate of completion.
CONTACT
For any questions, please contact Katherine Ygosse webinars@aca.org.au.