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Need help and advice on forming Employee Ownership Program
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Finance & Management > Management Consulting

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The client has made the following changes to the job.


Job Description

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  • Posted: Sun, Aug 05, 2012
  • Time Left: Closed
  • Location: United States
  • Client prefers freelancers from:
    United States

    You are still able to submit a proposal for this job.

    The client prefers freelancers from
    a different location.

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  • Start: Immediately
  • Budget: Less than $500
  • Fixed Price Job
  • Elance Escrow Protection
  • W9 Not Required
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Background: I recently negotiated a buyout of my sole partner in an I.T. services firm we ran jointly for the past 3 years. I did the deal as an earn-out over time with approximately 10% down. The company has been profitable since inception with 2011 annual gross revenue of $750k.

The company is very small with (6) employees. (2) of the employees have been with me since the beginning, and I consider them key in the overall operation of the business. They have asked me about ownership options, and I've told them I'm open to making them employee-owners.

I'm just not sure how to do it!

Here are some opened-ended thoughts I've had about employee ownership:

1) I don't think either employee is in a position to invest much (if any) money.
2) I'd like the employees to start thinking about the company as owners, versus an employee.
3) I'm open to giving one employee 5% ownership with no strings, as he is most critical to overall operations.
4) I may give the other employee 5% a...

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