CLEVELAND, OH, Aug. 27, 2020 – Avery M. Chenin of SES ESOP Strategies spoke at the Ohio Employee Ownership Center’s Annual Conference, held as a virtual event on Aug. 20, 2020.
Mr. Chenin co-presented “Next Steps in Selling Your Company to an ESOP.” In this session, business owners were guided through the transition to employee ownership. The presenters also discussed the necessary financial analysis of such a transaction, the legal processes involved in the sale, the new relationship the selling owner (and the company) will have with the trustee, and more.
For more than 25 years, Mr. Chenin has counseled businesses and their owners on how to incorporate employee ownership into their business succession plans. He represents closely held businesses and their selling shareholders, ESOP sponsors and ESOP fiduciaries in transactions involving employer securities.
Mr. Chenin works with companies and their owners in the planning, development, implementation and ongoing maintenance of ESOPs. He also helps clients with IRS and Department of Labor examinations and audits, and in the resolution of plan defects, including the submission of plan corrections under both the IRS and Department of Labor correction programs. He holds a J.D. and a B.S. in Accounting from Case Western Reserve University.
Avery M. Chenin