CLEVELAND, OH, April 30, 2019 – Avery M. Chenin of SES ESOP Strategies spoke at the 33rd Annual Ohio Employee Ownership Conference on April 25, 2019, in Akron, OH.
Mr. Chenin co-presented “Assessing the Feasibility of an ESOP.” The presentation was designed for business owners and their advisors considering a sale to their employees through an ESOP. After a brief introduction to ESOPs, the speakers took a deeper dive into some of the key elements involved in assessing whether an ESOP is feasible, and also discussed case studies involving successful ownership transitions using ESOPs.
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.
In addition, Mr. Chenin assists companies with executive compensation, welfare plan and employee benefit plan issues that are a part of these and other transactions.
He holds a J.D. and a B.S. in Accounting from Case Western Reserve University.
Related Professional:
Avery M. Chenin