By: John Shurley
February 5th, 2016 | In the News
In an article published by IndustryWeek on Jan. 28, 2016, John Shurley provides guidance to companies deciding whether Employee Stock Ownership Plans (ESOPs) are right for their businesses. ESOPs tend to work best at larger companies with more than 25 long-term and reliable employees. “Manufacturing companies, with their steady-as-she-goes reputation and a tight-knit culture, tend to fit the bill better than most,” Shurley said. “Buyers that are out there are looking for companies that grow at multiple double-digit returns – to flip in five or 10 years – and a lot of times manufacturing clients are in a steady pace [with standard customers that they’ve been supplying for years].” For the full article, click here.
John Shurley is a Member of Warren Averett and has practiced in the Audit Division for over 30 years. He brings to clients extensive experience in the review and preparation of audited financial statements and the development of accounting systems for various business concerns. Since joining the Firm in 1982, he has concentrated his efforts in audits and reviews of financial statements, as well as consulting with clients in the areas of accounting systems, cost accounting, job cost systems, inventory management, budgets, projections, financing, employee benefit plans, ESOP transactions and business financial planning.