This is a very simple way to make an employee co-owner; all that is needed is a transfer contract. Contacting a notary is not necessary. The fact that it is simple to execute, also makes it an inexpensive option. Another advantage of this is that it truly provides ownership, which isn’t the case with a bonus, a share in the profits or SARs. Economically, a person with an EOR is seen as owner of the company. This results in the worth of their EOR being related to the intrinsic value of the company.
Amsterdam-based social enterprise Share Council, a FinTech startup focused on “closing the capital wealth gap by making every SME employee co-owner”, announced on Tuesday that it is proud to have raised over €1M in funding from The Sharing Group (known from MyWheels & Mijndomein) and a network of strategic angel investors. Share Council is build on the premise of “everyone a co-owner”, hence the last 100k of stock is now publicly coming available, see sharecouncil.co/investRead more
Just 5 Million EU employees own equity in the company they work for. This creates a staggering divide and it leaves Europe behind in the race for global talent.Read more