Hi Friends,
We are a Private Limited company with over 50 employees (50% Exec and above and balance is support staff like peons and drivers etc) spread over four locations in India. Many of our employees have served the company for long periods through its thick and thin.
Off late, we are contemplating to make our employees partners in the company. This is both in view of recognition of their services and also to infuse new energies into operations. The ultimate aim is to allot them equity when we hit the jackpot and get into a JV with a suitable partner. Since presently we do not have shares being a private outfit, what are the views on making them partners in a closely held company.
I know there are many connected issues and the topic will have many angles to consider. I invite the comments of all to raise all possible issues so that we can arrive at some solid conclusions.
Thanks all. This is a great place to hang out and learn fresh perspectives.
Keep Smiling,
Kumar Kant
We are a Private Limited company with over 50 employees (50% Exec and above and balance is support staff like peons and drivers etc) spread over four locations in India. Many of our employees have served the company for long periods through its thick and thin.
Off late, we are contemplating to make our employees partners in the company. This is both in view of recognition of their services and also to infuse new energies into operations. The ultimate aim is to allot them equity when we hit the jackpot and get into a JV with a suitable partner. Since presently we do not have shares being a private outfit, what are the views on making them partners in a closely held company.
I know there are many connected issues and the topic will have many angles to consider. I invite the comments of all to raise all possible issues so that we can arrive at some solid conclusions.
Thanks all. This is a great place to hang out and learn fresh perspectives.
Keep Smiling,
Kumar Kant