This monthly one hour, early morning, learning opportunity will take place with no more than twenty local companies in the Chamber board room. This small group size encourages networking and allows for great discussion.

ESOPs: An Effective Tool for Business Growth and Exit Planning

What does WestJet and nearly 40% of Canada's Fastest Growing Companies have in common? Each of these successful companies offer their employees ownership using an Employee Share Ownership Plan (ESOP).
ESOPs are formal plans made available to eligible employees of a company, which allows them to participate in the long-term value growth of the business through the purchase of an ownership interest.
Thirty years of research show ESOPs improve business outcomes including productivity, recruitment and retention and innovation. ESOPs also are a proven exit strategy for retiring owners.

This presentation will cover:

• When and why to use an ESOP

• Transition planning using an ESOP

• The three types of ESOP models

• Key factors for a successful ESOP

• Canadian ESOP case studies

• ESOP financing and tax strategies

Who should attend: Business owners and advisors

Perry Phillips is the founder and President of ESOP Builders Inc. Recognized as one of Canada’s leading ESOP experts, Perry has designed and implemented over 160 ESOPs. Perry’s consultancy operates in Kelowna and across Canada in the belief that ESOPs are an excellent solution for Canadian business owners approaching their succession. Perry is the author of Employee Share Ownership Plans in Canada and co-author of The $10 Trillion Opportunity – Designing Successful Exit Strategies for Middle Market Business Owners: A Guide for Professional Advisors – Canadian Edition.

Member Price - $10 includes tax.

Ticket sales will close at noon Tues. Feb. 4, 2014

Refreshments will be provided.