CLEVELAND, OH, March 11, 2021 – Avery M. Chenin of SES ESOP Strategies spoke at a Virtual Networking Event hosted by the Ohio/Kentucky Chapter of The ESOP Association. The event was held Feb. 25, 2021.
Mr. Chenin was a panelist for “OH/KY COVID-19 Plan Impacts and Issues.” Panelists discussed coronavirus-related legal issues affecting ESOP companies, including partial plan terminations and Paycheck Protection Program loans. The discussion also focused on valuation and transaction issues related to the pandemic.
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