Teamshares
Teamshares is an employee ownership platform for small businesses, aiming to create $10 billion in stock wealth for employees and help retiring owners transition confidently.
Services
Teamshares provides a range of services designed to promote employee ownership in small businesses. The company offers proprietary software, educational resources, and financial products to facilitate this process. Teamshares also recruits and trains new presidents to lead acquired companies and provides ongoing support that includes education, open book financials training, and leadership mentoring.
Mission and Objectives
Teamshares is on a mission to put $10 billion of stock wealth in the hands of hard-working small business employees. By purchasing small businesses from retiring owners, Teamshares aims to progressively increase employee ownership to 80% within 20 years. The ultimate goal is to build a network of 10,000 financially durable, employee-owned small businesses across America and make employee ownership the future of small business.
Employee Benefits
Teamshares offers a variety of benefits to its employees. These include a remote office stipend to support employees working from home, comprehensive health insurance coverage fully paid by the company, and 9 weeks of total time off per year, including 4 weeks of PTO and holiday closures. The company also provides 3 months of parental leave for partners, with an additional 3 months for delivering parents.
Employee Ownership Platform
Teamshares is an employee ownership platform specifically designed for small businesses. The company buys businesses from retiring owners and grants 10% ownership of the business's stock to employees after closing. Employees earn stock through ongoing service without the need to buy stock. Over time, Teamshares aims to ensure that these businesses become 80% employee-owned within a period of 20 years. This approach has already created over $30 million in new wealth for more than 2,500 employee owners.
Company Acquisitions
Teamshares has purchased over 80 small businesses across 30+ states and 40+ industries. The company has a 90% close rate on signed Letters of Intent (LOIs), demonstrating its efficiency and reliability in business acquisitions. Teamshares focuses on helping retiring business owners exit confidently while ensuring that the employees gain significant ownership and wealth.