Business succession of substantial social enterprise using a worker co-op
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This company is owned by two partners, now in their 60’s, who have built up a very successful business over 30 years. They have several hundred employees. They run a highly participative workplace and the company is well known for its high standards for quality, customer service, and community involvement and charitable support. Like many other successful social entrepreneurs, these partners want to:
- Get their investment out of the businesses, at least for their estates
- Ensure that the businesses continue to operate in their hometown
- Maintaining their financial success, quality, customer and worker friendly atmosphere
- Enable all interested workers to buy into the company, and
- Maintain the company’s role as a model corporate citizen.