Employee Stock Ownership Plans (ESOPs)
Establishing an Employee Stock Ownership Plan requires an accurate and independent valuation of business equity. Foxboro Consulting Group, Inc. (“FCGI”) provides ESOP valuation services based on specialized appraisal knowledge, federal regulations, and industry experience.
Our professionals understand the federal regulations governing ESOPs and the requirements of the Employee Retirement Income Security Act (ERISA). We also understand the industries and markets in which our clients operate. Therefore, we work closely with attorneys, bank officials, and other professionals involved in establishing an ESOP while maintaining independence from the plan's financial interests.
Independent ESOP Valuations
As a regional management consulting and independent appraisal firm, Foxboro Consulting Group, Inc. has provided objective opinions of value for more than 14 years. Our appraisal professionals value businesses ranging from one-person professional practices to small and mid-sized corporations.
Our ESOP specialists begin each engagement by reviewing the plan provisions that may affect the value of the company's stock. These provisions can include put option agreements and minority or majority control positions.
We also apply our knowledge of the Tax Reform Act of 1986 and other applicable regulations. As a result, our appraisals address relevant federal requirements while reflecting the specific characteristics of the business.
Ongoing ESOP Valuation Support
Annual valuations are generally required for ESOPs, making continuity an important consideration when selecting an appraisal firm. Foxboro Consulting Group, Inc. provides ongoing valuation support to help clients maintain consistent and reliable appraisal services throughout the life of the plan.
If the value of the company's stock becomes subject to a challenge, our professionals can also support their conclusions with expert testimony before regulators and courts.
For independent appraisals of business equity used to establish or maintain an ESOP, Foxboro Consulting Group, Inc. provides ESOP valuation services backed by valuation expertise, regulatory knowledge, and industry experience.
