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Self study cpe
ESOP Overview for Owners, CFOs & CPAs


CPE Processing FeeFREE
Webinar TranscriptionN/A
Presentation Length Hour(s)2.0 hours
CPE Credits 2.0 hours
Subject Area 2.0 - Taxes
CE Credits 0.0 hours
Course LevelBasic
Instructional MethodQAS Self-Study
Advance PreparationNone
Recorded DateNovember 23, 2022
Date OfferedNovember 23, 2022
Expiration DateNovember 23, 2023
Series: Taxes, ESOPs
Course Description

This 2-hour self-study course provides a broad overview of Employee Stock Ownership Plans or "ESOPs."

Topics include: using ESOPs as a business succession tool, how ESOPs are structured and financed, typical scenarios where they are used, the tax differences and benefits between S corporation and C corporation ESOP owned companies, who runs and controls an ESOP owned business, how ESOP shares are valued compared to other sale options, and how employees benefit personally and become more productive.

Learning Objectives:

  • Identify when ESOPs may be useful

  • Identify basic facts about ESOPs and the benefits they provide owners & employees

  • Recognize the differences between C corporation strategies and S corporation strategies

  • Define how ESOPs valuations are derived

  • List the pros and cons of seller financing versus bank financing

  • Identify basic features of an Employee Stock Ownership Plan (ESOP) including how to establish the ESOP, options for funding the ESOP, tax considerations, reporting requirements, and how ESOPs work for different corporate structures

  • Identify the benefits of ESOPs for owners and employees

Self-Study Course Instructions:


Download the course document(s) (below) and follow prompts contained in the document.


Download any course document(s) (below) which may include handouts, glossary, transcripts, etc. Follow any prompts contained in the documents to help you complete the course. Most documents are searchable.

Play the recording, noting the sectional guides indicating where topics on the agenda are covered and the prompts to pause video playback to respond to a review question (located below the video playback area). The timestamps for review questions are also noted below.

Upon completing the video and successfully answering all review questions, you will then take the final exam.

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Handout Materials
Presentation Slides
Additional Materials
Webinar Technical FAQs
Review Questions
Review Questions
QUESTION 1: 0:10:00 minutes
QUESTION 2: 0:30:00 minutes
QUESTION 3: 0:40:00 minutes
QUESTION 4: 0:57:00 minutes
QUESTION 5: 1:10:00 minutes
QUESTION 6: 1:55:00 minutes
Frequently Asked Questions
  • CPAacademy self-study courses are online.
  • The self-study format allows you to a) access the material online 24/7 and b) study at your own pace.
  • Per NASBA guidelines, you have one year from date of purchase to complete each program.
  • Complete your final exam at any time and get graded instantly. You can retake the exam at no additional charge (unlimited attempts).
  • Print your own certificate of completion on the spot upon passing the exam.
  • Grading policies: a) courses have a minimum passing score 70% b) test takers will not be provided feedback on failed exams.
  • Upon achieving a passing score, test takers will be notified of the correct answers to the questions missed.

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Phillip DeDominicis

Menke and Associates, Inc
Managing Director - Investment Banking


Before joining Menke & Associates 15 years ago, Mr. DeDominicis spent three years as Director of Investment Banking for the Mergers & Acquisitions Group of Citigroup in New York, focusing on changing the control advisory assignments to middle-market companies. Prior to that, Mr. DeDominicis spent ten years as Director of Investment Banking for the Mergers, Acquisitions & Private Finance Group of Morgan Stanley. Mr. DeDominicis received his degree in Chemical Engineering from the University of Delaware in 1985 and his MBA degree in Finance and Accounting from the Anderson Graduate School of Management at UCLA in 1989.

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About Our Presenter

Menke & Associates is a nationally recognized firm that specializes in the design and installation of employee stock ownership plans (“ESOPs”). Since 1974 Menke & Associates has provided comprehensive ESOP services including feasibility and design, financial consulting, legal services, employee communication, and plan administration/ record keeping services. Menke & Associates has installed over 3,000 ESOPs.