TN Center for Employee Ownership
The Tennessee Center for Employee Ownership (TNCEO) is a Tennessee nonprofit organization that seeks to build awareness of employee ownership as an ownership exit option for owners of privately held businesses. A recent study found that 52% of the 44,000-plus privately held businesses in Tennessee were owned by people who were 55 or older. The pending retirement and transition of company ownership from Baby Boomers to subsequent generations, which is known as the Silver Tsumami, represents a significant level of risk to local communities, including the Tennessee banks that provide a wide range of services to these businesses and their owners. TNCEO offers Exit Planning and Employee Ownership in the following ways: Website - General and advanced Exit Planning descriptions, articles, videos, listing of experienced professional experts. Training & Education - A range of training programs that assist the business owner in starting and navigating the exit planning process, including advance employee ownership training programs. Referral Network - Experienced and vetted professional experts to guide private business owners in exit planning and employee ownership through the process.