David R. Johanson, Partner, Hawkins Parnell & Young, LLP to Speak at The Knowledge Group’s Webcast
The Knowledge Group, the leading producer of regulatory focused webcasts, has announced today that David R. Johanson, Partner, Hawkins Parnell & Young, LLP will speak at its webcast entitled, “ESOP Formation Post-COVID-19: Current Approaches to Business Succession Planning.” This event is scheduled for Friday, January 22, 2021 from 3:00 pm to 4:30 pm (ET).
- (1888PressRelease) January 22, 2021 - For further details, please visit:
https://www.theknowledgegroup.org/webcasts/esop-formation-post-covid-19/
About David R. Johanson
David assists clients in general corporate matters and in employee ownership, benefit, ERISA, and related business matters, with an emphasis on executive compensation, equity incentive plans, non-qualified deferred compensation, employee stock ownership plans (ESOPs), ESOP transactions, mergers and acquisitions (and related tax planning), and business succession and estate planning. David has served as outside general counsel to numerous corporate clients over the past 35 years. He also frequently appears on behalf of clients in business and employment-oriented defense litigation in state and federal courts throughout the country, before regulatory agencies (e.g., U.S. Department of Labor, California Labor Commissioner, and the U.S. Equal Employment Opportunity Commission), in tax controversies before the Internal Revenue Service and comparable state regulatory agencies, against felony criminal indictments in U.S. Federal Court, and in dispute resolutions of various kinds. David represents corporations in shareholder and non-competition disputes.
About Hawkins Parnell & Young, LLP
Hawkins Parnell & Young is a national defense litigation firm that has represented many of the largest and most well-known companies in high-risk litigation and business disputes. The 250-strong litigation team works with clients to develop winning defense strategies and, if necessary, try cases to verdict in all 50 states. As national leaders in their fields of expertise, their ESOP, Employee Benefits, M&A, Tax & ERISA group brings extraordinary depth in perspective when advising clients in connection with retirement plans, equity incentives, executive compensation, shareholder issues, fiduciaries, mergers and acquisitions, and employment and benefits litigation throughout the country.
Abstract
With today’s major economic recession faced by businesses due to the ongoing COVID-19 crisis, the Employee Stock Ownership Plans (ESOPs) continues to be an attractive option for companies seeking to address the need for succession planning to sustain competitive advantage in the market and looking to provide their employees with an ownership interest through a retirement plan.
While ESOPs offer several advantages it offers, including significant tax benefits, as an ESOP is an ERISA-covered retirement plan, those regulations must be carefully considered and addressed. Now more than ever, companies, sellers, fiduciaries and their lawyers must be conversant with the implications of implementing ESOP to ensure that risks are mitigated, while having a favorable market position in a post-coronavirus environment, that the ESOP and its participants receive fair market value and that other ERISA requirements are followed in this post-coronavirus environment.
In this LIVE Webcast, ESOP experts David Johanson (Hawkins Parnell & Young, LLP) and Joseph Barton (Block & Leviton LLP) will provide an in-depth discussion of ESOP formation post-COVID-19. Speakers will also offer helpful succession planning tips in maximizing the potentials of ESOPs, ensuring that ESOPs provide the proper benefits to participants, follow ERISA’s requirements and navigating possible challenges along the way.
Some of the major topics that will be covered in this course are:
• ESOP Formation Post-COVID-19
• Recent Regulatory Trends and Developments
• Legal Risks and Challenges
• Practical Tips and Best Practices
• Outlook
About The Knowledge Group
Founded in November 2006, The Knowledge Group has been at the forefront of providing quality continuing education programs for lawyers, accountants, financial executives, risk and compliance specialists, human resources professionals, technology officers, and business consultants in a wide range of industries.
The Knowledge Group strives to be the best-in-class provider of continuing education by bringing forth relevant content you can’t get anywhere else.
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