Teamshares

Teamshares is a company dedicated to transforming small businesses into employee-owned entities, aiming to create a network of 10,000 financially durable and employee-owned businesses across America. They purchase businesses from retiring owners, granting a 10% ownership stake to employees upon closing and progressively increasing this ownership to 80% within 20 years. Teamshares believes this model creates a win-win situation, improving financial outcomes for both employees and the business, leading to a network of companies that never need to be sold again.

Teamshares goes beyond simply facilitating ownership transfer. They recruit and train talented leaders to guide these newly acquired businesses, offering ongoing support through education, open-book financials training, and leadership mentorship. They also provide employees with access to an educational platform called TeamsharesOS, fostering financial literacy and empowering them to make informed decisions about their shared ownership. This holistic approach aims to build a network of resilient, thriving businesses that not only contribute to their communities but also empower their employees through ownership and financial security.

Teamshares is a remote-first company, allowing employees to work from anywhere they choose. They encourage travel and have offsites twice a year to maintain team cohesion. The company offers a remote office stipend to help employees set up their workspaces and provides ample vacation time with a total of nine weeks per year, including four weeks of PTO and holiday closures. Additionally, Wednesdays are dedicated to deep work with no internal meetings scheduled.

Teamshares offers a generous benefits package to its employees, including comprehensive medical, dental, and vision insurance fully paid for by the company. They also offer 15 days of vacation time, 12 paid holidays, 5 sick days, and one floating holiday of the employee's choice. Additionally, Teamshares provides ongoing support and advice from its accounting, finance, and small business experts.

Teamshares is on a mission to make employee ownership the future of small business by acquiring small businesses from retiring owners and transitioning them to employee ownership, with the goal of putting $10 billion of stock wealth in the hands of hard-working small business employees. Teamshares is committed to building a network of 10,000 financially durable companies that never have to be sold again.

Teamshares promotes a culture of trust, initiative, empathy, and continuous improvement. They value their employees as individuals and encourage them to take ownership of their work and contribute to the company's success. The company is remote-first, offering flexibility and a strong focus on work-life balance. They encourage open communication, collaboration, and a commitment to inclusivity, creating a supportive and empowering environment for all employees.

Teamshares is committed to building a diverse and inclusive community of leaders, employees, and employee owners. The company believes that different backgrounds and perspectives lead to better decision-making and more innovative work environments, and actively encourages applications from people of all ages, races, ethnicities, gender identities, sexual orientations, physical abilities, neurodiversities, perspectives, career backgrounds, and experiences. Teamshares prioritizes building a workplace where everyone feels valued and respected, fostering a sense of belonging and belonging.