Taking Over a Business You Work For

Unless you have an ownership stake in the company, you can't force its owners to sell. But you can make a buyout offer or open a competing firm

I work for a small publishing company that my co-workers and I feel is being ill-managed and run into the ground. We feel that we can do a better job of growing the business than the current owner, and we don't want to see the business go under. I've heard that employees can take over a business under certain circumstances. Is this true?—S.M., Portland, Ore.

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