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This question is about what a business owner does.
What is an employee-owned company?
An employee-owned company is a company with an arrangement in which the employees own shares in the company or have the right to the value of shares in the company.
Employee ownership is a broad concept that can take many forms, ranging from simple grants of shares to highly structured plans. The most common form of employee ownership in the U.S. is the employee stock ownership plan, a highly tax-advantaged plan in which employees own shares through a trust funded by the company.
Other forms of employee ownership include:
Stock options
Stock grants
Synthetic equity (granting the right to the value of shares but not the shares themselves)
Worker cooperatives
Employee ownership trusts.
The most common role for employee ownership plans is using an employee stock ownership plan as means of business transition in closely held companies. Congress has provided substantial tax benefits for this approach.
Employee ownership is also commonly used to help attract and retain employees, provide long-term wealth building, and support a high-involvement work culture where employees are given the opportunity to think and act like owners.
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