[deleted] t1_jdjz8ri wrote
Reply to comment by Gdott in This café in the West Village is now owned by its own employees by geoxol
It's a bit different. This was made possible via Teamshares.
> Teamshares buys small businesses from retiring owners, grants 10% ownership of the business’s stock to employees after closing, and progressively increases employee ownership to 80% within 20 years.
Not a bad deal after all, if you think that the employees don't have to pay a dime.
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