Estate and Succession Planning
Dean Mead’s Estate and Succession Planning Department is one of the largest and most respected groups of estate planning attorneys in Florida. We are frequently…
Dean Mead’s Estate and Succession Planning Department is one of the largest and most respected groups of estate planning attorneys in Florida. We are frequently…
Dean Mead’s Tax Department handles tax planning issues for businesses and individuals. The attorneys in our department have extensive experience in a full range of…
Maximize Tax Advantage, Maintain Effective Management Control, and Structure Compensation to Enhance Performance
An Employee Stock Ownership Plan (ESOPs) is an ingenuitive and important business, tax, financial, and succession planning tool; they are also a means by which employees can acquire ownership interest through the acquisition of company stock. An ESOP can enable company founders/owners to develop succession plans that meet their estate planning and financial goals, while keeping their businesses strong and viable and leaving a legacy for employees to prosper from. Whether a transition involves a partial ESOP sale or a complete transfer of ownership to an ESOP, it requires the experienced business and regulatory guidance that Dean Mead offers to all parties at the ESOP table: owners, ESOP trustees, lenders, investors (such as private equity funds), and employees.
At Dean Mean, our decades of experience help Florida-based businesses and nationwide organizations achieve their ESOP objectives by guiding them through the transition to employee ownership and helping ensure long-term success. Our firm’s ESOP practice works with local counsel around the country. We address federal law issues for ESOP creation, structuring corporate transactions, preparing IRS filings for tax qualification and plan termination, resolving fiduciary matters, and advising on the various tax opportunities and incentives associated with ESOP transactions.
We stay up-to-date on the latest ESOP developments through our active roles in organizations like The ESOP Association and the National Center for Employee Ownership.
“ESOPs are crucial transition plans for owners, allowing them to create an incentivized and productive workforce,” said Jay Van Heyde, shareholder and lead attorney for the firm’s ESOP Group. “The benefits of employee ownership and its empowering effect have been seen repeatedly in longstanding, successful ESOPs.”
Representative Experience
The below representative examples of ESOP transactions that Dean Mead has structured and closed illustrate sophisticated transactions we have helped clients with:
Providing Critical Legal Advice for all Levels of Workforce Management The complexity of today’s labor and employment laws create a tangled web that must be deftly navigated to avoid legal issues concerning, but not limited to, harassment, discrimination, wage and hour compliance, proper classification of employees, leave issues, restrictive covenants, protection of confidential information and…
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