The Japan TimesFeb 21, 2024
Teamshares, a U.S. startup with backing from Mitsubishi UFJ Financial Group, intends to extend to Japan its model of buying businesses from owners, so they can retire, while offering financing for workers in the businesses to become stakeholders themselves. https://www.japantimes.co.jp/business/2024/02/21/companies/teamshares-startup-japan-businesses/ #business #companies #teamshares #startups #us #stocks
MUFJ-backed startup gives employees route to take over small firms

The Teamshares model could help 2.45 million small business owners who will be 70 or over by 2025, almost half of whom have yet to identify a successor.

The Japan Times
Palm Beach County DSAAug 26, 2023

new praxis just dropped

https://archive.is/P1cUy

"Though #Teamshares says that it sometimes pays below market price for a company, it installs a new president that it trains and grants 10% of the business’s stock to its employees. Moreover, it promises to increase those employees’ ownership to 80% within 20 years."

#WorkerOwnership (but closer to the ESOP kind)