The Legislature finds and declares that the formation of employee-owned businesses and the participation of employees in the management of businesses in this state will promote the stabilization of local economies, anchor business activity, and increase productivity. The Legislature further finds that the encouragement of employee-owned businesses will increase and broaden community investments in this state and encourage new capital formation through employee ownership.
Part 6EMPLOYEE-OWNED BUSINESSES
Section § 14200
This section of the law emphasizes the importance of employee-owned businesses. It suggests that when employees own and help manage businesses, it can help stabilize local economies, keep businesses active, and improve productivity. Moreover, it can lead to more community investments and generate new capital through employee ownership.
employee-owned businesses management participation local economies stabilization business productivity community investments new capital formation employee ownership business activity anchoring economic stability California businesses community growth capital generation business management employee management economic development
