Our July 13 meeting will be held at the Athletic Club of Columbus. We are being hosted by the Columbus Kiwanis Club. Reservations are required, so please contact the office if you plan to attend. More information will be posted as we approach the date.
"Creating Wealth Through The Eventual Sale of Your Business:
What To Think About Now"
In this highly interactive presentation, Ted Lape uses examples and a case study to help the audience understand what it means to sell their companies. Key issues covered: •Tax advantages for various methods, including a way to sell taxfree and for the company to become tax-free through an ESOP •How is a company valued? •What's in it for the employees? •Financing the purchase •A case study – the considerations faced by the company/sellers •Selling to a third party vs. selling to an ESOP •Issues sellers should think about regardless of the Buyer
Ted uses real world examples from actual company sales to help one understand how a sale to might look and to raise topics members should think about to prepare their company for a sale. The case study is designed to generate extensive discussion among the participants.
Ted Lape is a Principal with Lazear Capital Partners, Ltd., an investment bank and private equity firm. He leads its ESOP formation and capital raising efforts. Ted has more than 25 years of experience in commercial lending, mezzanine lending and private equity and has funded more than $1 billion of capital.
Join Leaders - Exchange Ideas - Take Action
Join us Monday's at Noon at:
The Boat House at Confluence Park
If you missed the Derby Day Soiree or even if you didn’t, you won’t want to miss the June 15th Rotary meeting to get the flavor of the fun we had. It will be your chance to vote for your FAVORITE HAT. Raffle tickets you buy at the door will be used to “vote” on your favorite hats AND one, of all sold, will be draw for a prize.
CRAWL. CLIMB. RUN. was held on June 6 in almost perfect weather. There were a number of participants, volunteers and visitors that learned a little bit about Columbus Rotary and how we serve our community. They learned even more about their personal drive to overcome the Columbus Rotary Obstacle Course.
ROTARY RIVER TRIP headed down the Big Darby at the same time on June 6. Nearly 20 soles embarked upon a fun, yet educational journey through this national scenic river. The Metro Parks staff were on hand to help out, show us around and tell us more about the Creek.
FOUNDATION FOUR BY FOUR TEAMS were introduced two weeks ago by Rotarian Bill Wahoff as a way for Rotarians to become Paul Harris Fellows as well as support the Rotary International Foundation. The concept is those who took on the challenge will pay $200 for the next four years to the Club. The Club Foundation will provide and additional $200 per person. At the end of four years $20,000 will have been raised. To put some icing on the cake...an additional team formed with five people which will raise our contributions to RI to $25,000 over the time period.
What:Golf Outing for Rotarians Where:OSU Gray When:Wednesday, June 24
First foursome tees off at 1:15 PM How:Sign up with Scott Brown at 221-3127 There are a limited number of foursomes available; each hosted by an OSU Golf Club member and Rotarian. First come, first served.
We have another Young Professional coming this summer. If you will recall last summer we had a young engineer visit during the summer; pictured here.
Our new visitor is Mariona who is from Spain. She is interested in Biology and Genetics. She will be with our club from July 7-18. We are looking for host families who would like to show her around Columbus and we also are looking for opportunities to observe in her field of interest.
Please contact Kathy Gatterdam for more information.
In May the Club awarded a number of scholarships. A number of Rotarians have shown interest in reading the remarks made by Phoenix Scholar Elizabeth Douglass on May 18. By clicking READ MORE you will be directed to her comments.