Strategic Advice

ButcherJoseph & Co. Advises Entech Sales and Service, Inc.

July 23, 2018

ButcherJoseph & Co. (“ButcherJoseph”) advised Entech Sales and Service, Inc. (“Entech” or the “Company”) on the optimization and recapitalization of the Company’s ownership structure, which includes an Employee Stock Ownership Plan (“ESOP”). Based in Dallas, Entech has more than 375 dedicated employees who provide services to commercial and industrial buildings in several key markets within… Read more.

What’s the durability of your ESOP? Consider These Three Indicators

May 3, 2018

As of March 2018, the National Center for Employee Ownership (NCEO) estimates that there are roughly 6,700 Employee Stock Ownership Plans (ESOPs) in the United States, with the vast majority created prior to 1997. Just like any other business, ESOP companies must identify value creation opportunities for equity shareholders. As ESOP companies mature, it’s important… Read more.

Succession Planning for Privately Held Companies

September 13, 2016

For a business owner, their company is their life’s work. They’ve spent years becoming an expert in their industry and strategizing for success. At some point, all owners find themselves in unfamiliar territory: designing a succession plan that will achieve their objectives. Whether the goal is generating liquidity to fund the next business venture or… Read more.

Preparing to sell a business

December 16, 2015

Preparing to exit a business can be a daunting task. Once the seller has gone through the process of determining the right time to sell, it can take a considerable amount of time and resources to prepare for the transaction before finalizing all the details.

The Ins and Outs of an ESOP Recapitalization

November 18, 2015

For many companies owned by a mature Employee Stock Ownership Plan (ESOP), their employee ownership is a source of pride, a central element of the company culture and a differentiator in the marketplace with clients. Maintaining employee ownership is a priority to the management team and to employees. Despite its importance to company culture, the… Read more.

When should an ESOP-owned company pursue a recapitalization?

November 11, 2015

According to the ESOP Association, approximately 10,000 U.S. companies have an Employee Stock Ownership Plan (“ESOP”) in place, and 4,000 of these companies are 100% ESOP-owned. ESOP-owned companies are well positioned for ongoing success, as demonstrated by statistics provided by the Employee Ownership Foundation’s most recent Annual Economic Performance Survey of ESOP-owned companies. An astounding… Read more.

The tax benefits of different corporate structures

October 14, 2015

While every business model has its own pros and cons in terms of tax efficiency, it can be worthwhile to examine alternative structures to optimize a company’s balance sheet.

Four ways to maximize a company’s value before sale

October 7, 2015

After years of dedication and investing the great majority of their equity in their company, no owner wants to settle for less than the full value of their business.

Comparing the sale of C corps and S corps

September 16, 2015

When selling their business, owners need to keep in mind the company’s structure as this structure determines how the IRS will tax the company.

Repurchase Obligations in the context of Corporate Finance

August 26, 2015

There are many benefits to selling a company to an employee stock ownership plan (ESOP), including wealth creation for the employees and tax benefits and liquidity for the selling shareholders. Numerous studies conducted by organizations such as the Employee Ownership Foundation cite that employee-owned companies experience increased profits, overall productivity and stock value. As an… Read more.

next »

Get our e-newsletter