u/Upper-Dot-6110

How to form a company by myself with social democracy in mind?

I hate that every company feels like a tiny dictatorship where my labor belongs to the king and my opinion is meaningless. I like the idea of starting my own company but then it would just be me in the thrown and no better or id need a bunch of other people to form a coop and I'm not that charismatic enough to do all that. How can you form a company (by yourself) in a way that ends up being good and fair for the people that would eventually be employed there if it is successful?

My idea:

Build into the foundational documents of the company the following rules that can't be changed by anyone.

-The company's ownership% is locked to 66% [employees], 33% [share holders]. The 33% can be bought and sold as desired but never more than that. The other 66% can never be exchanged in any way. It can only be earned by joining the company and working for 2 years. As you work, you get a prorated % of the company in terms of profit share and voting rights until you hit 2 years when you get an equal share to every other employee for as long as you work there. So if its 2 people working there, each would have 33% of the profits and voting rights for company wide decisions. When a third person gets hired, they would have 0% but after 1 year they would have 11% and after 2 years everyone would have 22%. Everyone of course would still get normal wages and such, this would just be on top of the normal wage expected for that job anywhere else in that industry.

-leaders are elected, not assigned. That means everyone with a vote in the company gets to use their %voting power to make decisions about who's the c-suite people, and who the management all are. All management must be elected, and those that work under that manager can have the right to kick them from being in charge of the team. So everyone votes managers in, teams can vote then out.

-hiring & layoffs are a voted upon decision. So if everyone is overworked, they can vote to hire more people and split the profits more or not to and keep more money but work harder. Likewise, if no money is coming in, everyone can collectively decide that some cuts need to happen to keep the company afloat. If that happens, at least then everyone CHOSE to make the layoffs happen and if they dont like it, they can quite and save everyone the hassle of choosing who to lay off. Who gets layed off would not be a vote, they would be decided by management since no one wants to layoffs their friends. Same with firing. Firing would be decided unilaterally by management but must be justified to the company as a whole with evidence for offenses and after a firing happens, the company must collectively discuss what went wrong and try to make changes to avoid that in the future.

-company rules must be agreed upon collectively and open to change. Want to work from home? Everyone agrees upon what is acceptable expectations for someone if they work from home and what roles are eligible for it and then it is enforced by management.

-company meetings are once a month and it is treated like any other shareholder meeting. Except every employee is a part of it and gets to know what is actually happening with the company's profits and decisions.

All that and I'm sure there would be problems. But this would be a potential solution to the problem of "most companies are started by 1 or a few people who are looking to get rich and dont want to give up all thier power and profits if they have to hire people" I certainly wouldn't want to start a company, do all this work, make it profitable, hire 3 people, and get immidiatley kicked out because they have all the same rights as I do in a co-op situation. It also means that if the one who started it sucks to work for, you could fire them as CEO if you convince some of the other shareholders and all the other employees to do so, but they would still be a shareholder, just not an employee anymore. Or if the person who started it wanted out, they could sell thier share to someone else or to the employees and then it could become basically a coop but with extra steps.

Anyway, that's my shpeal. Thoughts? Thanks!

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u/Upper-Dot-6110 — 10 hours ago