Some employee-owned businesses start off with a cooperative structure, but many others start as conventional companies. The ICA Group can help you assess whether employee ownership is right for your business and help you through the conversion of your business to a worker cooperative.

Benefits of Employee Ownership

• Allows owners to have control over the sale of the business on a timeline and with terms that fit the owner’s financial needs.

• Recognizes and rewards employees who have worked hard for the business, understand how it works, and are committed to long-term success.

• Keeps jobs in the local community that might otherwise be lost if the business closes or is sold to a larger firm.

• Ensures the legacy of a business, maintaining the culture, customer relationships, and flow of goods and services to the community.