Full-Time
Teamshares
51-200 employees
Facilitates employee ownership of small businesses
No salary listed
Senior, Expert
San Antonio, TX, USA
Upload your resume to see how it matches 1 keywords from the job description.
PDF, DOC, DOCX, up to 4 MB
- Bachelor's degree in accounting
- CPA certification
- Minimum 8 years of experience in handling consolidated U.S. federal income tax returns, multi-state income tax returns, and income tax accounting
- Strong knowledge of tax regulations and compliance requirements
- Review federal and multi-state income and franchise tax returns, along with all supporting workpapers.
- Review quarterly estimated tax payments.
- Address and resolve tax notices and handle other miscellaneous tax-related matters.
- Prepare supporting calculations for interim and annual income tax provisions.
- Provide requested tax information to various departments within the organization.
- Ensure adherence to established income tax processes and procedures by overseeing internal control activities.
- Work with the Partners to identify and implement tax planning initiatives and process improvements.
- Supervise a team of staff-level tax accountants.
- Advanced degree with a focus on U.S. taxation (preferred)
Teamshares facilitates employee ownership of small businesses, particularly targeting those whose owners are retiring. The company buys these businesses and gradually transfers ownership to employees, starting with 10% of the stock and increasing to 80% over 20 years. This model helps maintain business continuity and prevents job losses that can occur when a business is sold or closed. Teamshares generates revenue from the profits of the businesses they acquire and manage, and they also offer proprietary software, education, and financial products. By promoting employee ownership, Teamshares not only supports the financial stability of employees but also contributes to the local economy by preserving valuable businesses. They recruit mission-driven leaders for the acquired businesses, providing them with training and experience to ensure successful management.
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$445.3M
Headquarters
New York City, New York
Founded
2019
Simplify's Take
What believers are saying
- Teamshares has acquired over 90 SMEs, creating 2,600 employee shareholders.
- The company received $225 million in debt financing, supporting further acquisitions and growth.
- Expansion into Japan with MPower Partners' investment opens new international markets.
What critics are saying
- Increased competition from tech-enabled platforms like SKROL could threaten Teamshares' market share.
- Cultural and regulatory challenges may impact Teamshares' expansion success in Japan.
- The 'small business silver tsunami' could saturate the market, complicating business acquisitions.
What makes Teamshares unique
- Teamshares focuses on employee ownership, creating wealth for employees through stock ownership.
- The company targets retiring small business owners, ensuring business continuity and job preservation.
- Teamshares provides proprietary software, education, and financial products to support acquired businesses.
Help us improve and share your feedback! Did you find this helpful?
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Paid Vacation
Paid Sick Leave
Paid Holidays
401(k) Company Match
401(k) Retirement Plan
Profit Sharing
Paid Parental Leave
Growth & Insights and Company News
6 month growth
↑ 2%1 year growth
↑ 0%2 year growth
↑ 4%At Haase and Ward's suggestion, Teamshares appointed Liz Barrere, an experienced local retail executive, as president and CEO of Patina.
Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of its client, Cha
Title: "MPower Partners Invests in Teamshares" Content: MPower Partners has made a growth equity investment in Teamshares, a company addressing the succession crisis in SMEs by acquiring businesses from retiring owners and transitioning 80% ownership to employees over 20 years. Teamshares has acquired over 90 SMEs in the US, creating 2,600 employee shareholders. The investment supports Teamshares' expansion into Japan, with backing from Mitsubishi UFJ Innovation Partners and Nomura Holdings.
MPower Partners, Japan’s first ESG-focused global venture capital fund, has invested in Teamshares, an employee ownership platform for small businesses. Following investments by MUFG Innovation Partners in February and Nomura in March, Teamshares plans to establish its first employee-owned business in Japan this year. Teamshares aims to create a network of 10,000 employee-owned companies and $10 billion in stock wealth for employees.
By Riley KaminerLet’s say you’re fresh off an MBA at a top school. What’s your next step? The roles that were traditionally top of mind might have included consulting, investment banking, tech.Increasingly though, the top business minds are gravitating toward the world of small business, buying their way into the C-suite rather than founding companies. Search funds are one way to do it: raising some capital to buy a business – an activity that Harvard Business School even supports its students in doing.On the demand side, this interest in SMBs also adds up, with the US economy bracing for a so-called “small business silver tsunami” as baby boomers retire.Miami-based SKROL is getting in on the action and helping others ride the wave too. Founded by serial entrepreneur Michael Cassau (former leader of German-Miami unicorn Grover), the startup is building a tech-enabled platform to source, acquire, and improve small and medium sized businesses.To fuel this mission, SKROL has officially closed a $1.2 million pre-seed equity fundraise led by Magnetic Capital. In an interview with Refresh Miami, Cassau added that we can expect to see SKROL publicly announce a debt fundraise sooner rather than later, as this will enable the company to start buying businesses. A peek into the future of SKROL’s story – and a unique insight into the technology it has already built – can be found by visiting SKROL.ai, which just launched this week. There, the sourcing platform that SKROL has built for its internal deal sourcing purposes can be accessed for free