Teamshares

Teamshares facilitates employee ownership of small businesses, particularly targeting those whose owners are nearing retirement. The platform buys these businesses and gradually transfers ownership to the employees, starting with 10% of the stock and increasing to 80% over 20 years. This approach helps maintain business continuity and prevents job losses that can occur when a business is sold or closed. Teamshares generates revenue from the profits of the businesses it acquires and also offers proprietary software, education, and financial products. By promoting employee ownership, Teamshares not only supports the financial stability of employees but also strengthens the local economy by preserving small businesses. The company focuses on recruiting dedicated leaders to manage these businesses, ensuring they are well-trained and equipped to succeed.