CLEVELAND, OH, October 23, 2019 – Avery M. Chenin of SES ESOP Strategies spoke at the 5th Annual Great Lakes Regional ESOP Conference hosted by the Indiana, Michigan and Ohio/Kentucky Chapters of The ESOP Association on October 17, 2019, in Sandusky, OH.
Mr. Chenin co-presented “You Receive an Offer to Buy Your ESOP Company: Now What?” Many ESOP companies receive expressions of interest from potential buyers. The session covered the myriad considerations to analyze when evaluating an offer to purchase an ESOP-owned company.
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.
Avery M. Chenin