[sudo-discuss] People's Community Market

[Julio Rios]

FYI: per a previous thread, I got some information on the topic of
transitioning to employee ownership for those that are interested.  The
plan is pretty thorough, but it is a draft, and it's not a cooperative
really.

---------- Forwarded message ----------
From: Brahm Ahmadi <brahm at peoplescommunitymarket.com>
Date: Thu, Feb 6, 2014 at 9:26 AM
Subject: Re: Buy Shares page error
To: Julio Rios <julio.rios at gmail.com>


 Hi Julio-

Our plan is to become an ESOP - Employee Stock Ownership Plan. We've been
working with the National Center for Employee Ownership (NCEO) to develop a
multi-stage process for becoming an ESOP and engendering an employee
culture of training and engagement in running the business. The current
draft of our plan is attached.

An ESOP is not a cooperative. ESOPs typically have a management structure
and a board of directors that make a majority of operational decisions.
Cooperatives typically run on a one-member, one-vote structure in which
business decisions are made by everyone.

Most ESOPs are the result of a conversion, typically when the founder wants
to exit from the business. You can get more information about ESOPs at this
link on NCEO's website:
https://www.nceo.org/articles/employee-ownership-esop-united-states.

Full disclosure: NCEO is an investor in our business.

Thanks

Brahm

Brahm Ahmadi
CEO/President
People's Community Market

O: 510.995.7498brahm at peoplescommunitymarket.comwww.peoplescommunitymarket.com
Twitter: @PeoplesMrkt
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