Converting a small business to employee ownership can be a practical solution for ownership succession, job stabilization, and employee retention. The process takes an investment of resources and professional assistance to ensure success and long-term benefits. While unique for each business, the process generally has five stages. In the Explore stage, the owner learns the […]
Transitioning a small business to employee ownership can have positive impacts on employee engagement, productivity, and retention; anchor a lasting legacy for your efforts building the business; and offer a financially rewarding exit path that can be supported by experienced professional assistance. Small business owners throughout the United States are increasingly seeing employees as highly […]
An employee-owned business is owned and controlled by its employees. While there are a number of legal entity options – corporations, LLCs, trusts – they all share equity ownership that gives employees real risk and reward, and a path for employee participation to voice their desires, and to improve their work life.
In an employee-owned company, the workers—not outside shareholders—own all or at least a significant percentage of their workplace. Employee-owned companies are found throughout the world, in almost every industry, and are often leaders in their field. In the United States today, there are an estimated 300-400 democratically employee-owned firms including worker cooperatives, democratically operated employee […]