Employee ownership—where business ownership is transferred to employees for a fair price—is a strategy adopted by many successful businesses. At GA Center for Employee Ownership, we help business owners see the practical benefits that come with selling to their employees. Sharing ownership can reduce business owners’ risk when going alone, both financially and through increased employee engagement. Employee ownership is a strategy that benefits owners, employees and the community.
Business owners who want to exit can do so on their terms and receive a fair value for the hard work they have put in over many years. Transitioning ownership to employees can also bring potentially significant tax advantages to the owner, the business and the employees. Whether you want to retire or stay with your business, employee ownership honors selling owners’ legacies while creating deeper employee engagement that builds greater success for the business.
You may have the solution to greater financial solvency right in front of you: your employees. When employees become owners, their deep level of engagement can lead to better financial outcomes for the business. This, combined with the potential tax advantage to the business often leads to more capital available for forward investing.