The ESOP Podcast Episode 25 – Tabitha Croscut of Devine Millimet on Transactional Law for ESOPs

The ESOP Podcast Episode 25 – Tabitha Croscut of Devine Millimet on Transactional Law for ESOPs

Our guest is Tabitha Croscut an ESOP attorney with Devine Millimet, Attorneys at Law. Tabitha Croscut discusses the history and current practice of transactional law for employee stock ownership companies.  She walks the listener through the process owners interested in employee-ownership would go through when they consult an ESOP attorney to investigate whether an ESOP is right for their company.

This podcast was recorded during the March 2018 ESOP Professionals’ Forum. The Professional Forum is a unique opportunity for professionals that serve the ESOP community to have strategic and complex discussions about the challenges facing ESOPs. Tabitha Croscut also recommends you attend your local ESOP Association meetings, such as her local chapter the New England Chapter of the ESOP Association, and the annual ESOP Association conference in Washington, DC.

You can follow the latest from Tabitha Croscut on Twitter @ESOPDiva and on LinkedIn.

More about Tabitha Croscut

Tabitha Croscut, Source: Devine Millimet, Professionals

I help my clients assess, consider, and navigate the utility of an Employee Stock Ownership Plan as an ownership succession and employee incentive strategy. For companies that have already implemented an ESOP, I provide counsel and guidance for ongoing compliance of the ESOP as a qualified retirement plan and with any related fiduciary or corporate governance concerns, including US Department of Labor and Internal Revenue Service audits and any voluntary correction submissions that may be applicable.

My clients include business owners and companies considering an ESOP, companies that have already implemented an ESOP, individual selling shareholders, banks, and internal and external (individual and institutional) ESOP trustees. I have advised clients in ESOP transactions ranging from under a million dollars to over four hundred million dollars.

I frequently speak at ESOP conferences nationwide and present regularly on how ESOPs can be an effective and tax-efficient exit or transition planning solution for owners of privately held businesses.

I strongly believe that employee ownership through an ESOP can be extremely motivating for employees in a structure that maintains good jobs in local communities while serving as an ownership transition and liquidity strategy for privately held business owners. Curious how to hire and ESOP attorney and why it matters?

When I’m not counseling clients on a myriad of ESOP related matters, my other job is as a mother of two young girls who keep me busy with their love of animals, sports, and musical activities. I also enjoy travel and meeting new people in new towns all over the United States.” [Source: Devine Millimet, Professionals]

More about Devine Millimet

“Devine Millimet is one of the largest and most dynamic business and litigation law firms in the region, serving our clients and our communities since 1947. Working from our historic headquarters building in Manchester, New Hampshire, and our satellite offices in Concord and Portsmouth, New Hampshire and Boston, Massachusetts, we serve individuals, businesses, and nonprofits in the areas of healthcare, tax, estate planning, construction, intellectual property litigation, medical malpractice, real estate, insurance, utilities, and all aspects of corporate law, including finance, employment, workers’ compensation, mergers and acquisitions, bankruptcy, and government affairs. We also provide strategic consulting, lobbying, bond and public finance services, and crisis management services as part of our government regulation practice and Devine Strategies strategic consulting group.”

Source: About Devine Millimet


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