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Many business owners consider at some point sharing ownership of their company with one or more key employees. Sharing ownership can create powerful advantages – retaining employees for the long-term and incentivizing them to increase business value are usually top motives. Sharing ownership appears to elevate top employees into true partnership with the owners in the ongoing effort to sustain company growth.
Once an employee has ownership, it’s easy for the line to blur between ownership and employment.
Patrick Ungashick is the CEO of NAVIX Consultants, a celebrated speaker on executive and business owner exit planning, and the author of A Tale of Two Owners: Achieving Exit Success Between Business Co-Owners. With his wealth of knowledge on exit planning, Patrick has provided exit advice and solutions to business owners and leaders for nearly thirty years. For more info, visit NAVIXConsultants.com.
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