Business Transition Options: ESOPs & Worker-Owned Cooperatives | June 6, 2024
Join Tim Rettig, CEO of Intrust IT and Ellen Vera, Co-op Director at the University of Cincinnati upon teaching a world of business transition options, focusing on ESOPs and Worker-Owned Cooperatives at Goering Center for Family and Private Business on Thursday, June 6, 2024 at the Radisson Hotel Cincinnati Riverfront. Whether you’re planning for the future or exploring current options, this event will equip you with the knowledge and tools to make informed decisions!
Where: Radisson Hotel Cincinnati Riverfront, 668 West 5th St, Covington, KY 41011
When: Thursday, June 6, 2024 at 11:30 am
Who: Tim Rettig, Serial ESOP Entrepreneur at Intrust IT
Learning Objectives
- Optimal Business Growth: Discover how to strategically grow your business to maximize options when it’s time to consider selling.
- Employee Buyouts: Explore the unique advantages of selling your business to your employees and understand the tangible benefits of this approach.
- ESOPs vs. Worker Owned Co-ops: Gain clarity on the differences between ESOPs and Worker Owned Cooperatives, and learn which option aligns best with your business goals.
- Dispelling Myths: Address common misconceptions about selling to employees and uncover the realities of this transition strategy.
- Process and Steps: Get a step-by-step outline of the process involved in transitioning to either an ESOP or a Worker Owned Cooperative.
Presenter Tim Rettig
Tim Rettig is a second-generation serial ESOP entrepreneur. Tim started Intrust IT in 1992 while in college at the University of Cincinnati, selling the company four short years later, but staying on to run the division for the parent company.
In 2019 Tim began transitioning his company to be employee owned via an Employee Stock Ownership Plan (ESOP), just like his father Jay Rettig did with his company Software Solutions. Tim is now part of a group of entrepreneurs and investors working to improve our regional economy and reduce income inequality by buying companies from retiring owners, investing in them, modernizing them, and empowering the employees to become the owners. By being an advocate for employee ownership, Tim has a life goal to create 10,000 employee-owners.
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