Colorado Employee-Owned Companies
Are you interested in selling your business?
- Selling your business is hard.
- Over 40% of all business owners are baby boomers who are 55 or older.
- Less than 30% of business transition occurs within families.
- Only 20% of businesses are sold.
Selling your company to employees does not mean:
- You have to sell your company at a below- market rate.
- You have to exit right away (You can be part of the employee-owned business)
- The company will not perform better than now. Actually, an employee-owned business performs 30% better than a traditional company.
What benefits will you have?
- You can sell your company at a market value.
- You leave your legacy.
- You get tax benefits.
- You retain great employees.
BENEFITS FOR THE COMPANY
- 8.5% Higher profit margins of EO Companies
- 5% Faster annual growth for sales and employees
- 25% More likely to survive than traditional firms
- 90% of worker cooperatives stay in business after compared to 20% of conventional firms
- Tax benefits
BENEFITS FOR EMPLOYEES
- 92% of employee owners have higher median household wealth
- 33% higher median income from overall wages at all wage levels
- Greater access to financial benefits
- Better working conditions
- Reduced risk of job loss
- Tax benefits
BENEFITS FOR THE SELLING OWNERS
- Creating a succession plan
- Preserving the legacy of the company
- Tax benefits
- Rewarding and retaining employees
- Creating a more resilient company
BENEFITS FOR THE ECONOMY
- Worker co-ops keep wealth in the local community
- Healing the wealth gap
- Fighting inequality
- Boosting employment
- Build wealth and higher standard of living
- Benefits for disadvantaged communities.
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