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 Atlus Financial Director Marc Walsh. Book now!
As our business landscape evolves, it becomes increasingly vital to align the interests of employees with the overall success and growth of the organisation. An Employee Share Ownership Plan (ESOP) serves as 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 Atlus Financial, is experienced working with clients to bring the vision and concept for businesses to life and 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
Members $30 incl GST
Parlour Collective $30 incl GST
ArchiTeam $30 incl GST
Non-members $60 incl GST
Students $15 incl GST
*One ticket per person.
CPD
Completion of this 1 hour webinar and submission of the self-checked assessment task will deliver 1 formal CPD point.
AACA NSCA: Practice Management and Professional Conduct - PC2
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.
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 or on 0413 520 548.