Paralegal

Job Description

Job Description

What is Teamshares?

Teamshares Inc. (Nasdaq: TMS) is a tech-enabled acquirer of high-quality businesses that intends to be a permanent home for the businesses it acquires. Part holding company, part fintech, Teamshares programmatically acquires companies with $0.5 million to $5 million of EBITDA from retiring owners, integrates them with the Teamshares platform, and helps their employees earn company stock. Founded in 2019, Teamshares is on a mission to create $10 billion of new wealth for lower-income Americans through employee ownership—addressing a longstanding gap, as before Teamshares there wasn't an easy way for the small businesses that make up 98% of U.S. firms to become employee-owned.

What You Will Do:

• Assist Teamshares’ legal team with various legal projects and responsibilities.

• Help manage the closing process in the acquisition of businesses. This includes acquisitions of varying types and legal structures (e.g., stock purchases, asset purchases, and mergers); coordinating and reviewing diligence deliverables such as lien, UCC, and title searches; and drafting and negotiating ancillary transaction documents (e.g., bills of sale, assignment and assumption agreements, secretary’s and officer’s certificates, payoff letters and lien releases, and escrow agreements).

• Support Teamshares’ obligations as a publicly traded company, including assisting with Section 16 filings (Forms 3, 4, and 5), Exchange Act and Nasdaq compliance matters, D&O questionnaires, insider trading policy administration, equity plan administration, and Board and annual meeting logistics.

• Iterate on a document management and legal compliance system for each of Teamshares’ network companies, including corporate minute books, organizational charts, and governance records for the parent company and each subsidiary.

• Help implement and maintain the employee ownership program in each Teamshares network company, including equity administration and cap table maintenance.

• Develop thoughtful and innovative strategies to improve the existing acquisition process.

• Collaborate with the product development team and drive continuous discussions of opportunities where software can be leveraged to augment efficiency and scale.

• Support corporate governance matters for Teamshares and its subsidiaries, including preparing and maintaining materials for Board and committee meetings, drafting Board and stockholder/member resolutions and written consents, maintaining and coordinating receipt of good standing certificates, and maintaining minute books and equity records.

• Form new subsidiaries in connection with acquisitions, including drafting and filing certificates of incorporation/formation, bylaws and operating agreements, organizational resolutions, and IRS Form SS-4 applications.

• Support outside counsel and the Legal team on routine litigation and pre-litigation matters affecting Teamshares and its network companies, including responding to wage garnishments and income withholding orders, coordinating compliance with HR/payroll, and tracking litigation deadlines and maintaining litigation files.

• Manage relationships with the registered agent, corporate filing agents, and other outside vendors; maintain the Legal team’s contract repository and compliance calendar (e.g., annual reports, franchise tax filings, and business license renewals); and assist with trademark and other intellectual property docketing.

What You Bring:

• 8+ years of paralegal experience, including M&A transaction experience gained in a law firm setting as well as on the in-house legal team of a publicly traded company.

• A paralegal degree, certificate or similar training is preferred, but not required.

• Self-starter with strong communication and organizational skills.

• Exceptional verbal, written and interpersonal communication capabilities.

• Ability to take initiative and ownership of work streams and work independently.

• Hands-on experience with most of the following:

• Ability to manage and drive an M&A closing process (putting together signature pages, creating closing sets, overseeing closing checklists, etc.)

• Capability forming legal entities (filing formation or incorporation documentation and SS4s, etc.), including in connection with the formation of new subsidiaries for acquired businesses

• Prior experience drafting Board and Shareholder/Member Consents. Equity administration experience is preferred, but not required.

• Experience with routine litigation and pre-litigation matters (e.g., garnishments, income withholding orders, subpoenas, and collections) is a plus.

• Experience supporting the corporate governance and public-company compliance function of a publicly traded company (e.g., SEC/Exchange Act reporting, Section 16 filings, Board and committee support) is a plus.

• Notary public commission is a plus.

• Familiarity with legal technology and contract management tools (e.g., document automation and e-signature platforms) is a plus.

This role presents a fantastic opportunity for an individual who is self-driven and wants to be part of a mission-driven team where collaboration, work-life balance, trust and initiative (among other core values) are part of the fabric of the company. The paralegal will be an integral part of a legal team that is responsible for Teamshares’ transition as a newly-public company and the continued acquisition of small businesses. In addition, this role will collaborate with the product team to find and implement creative ways to improve and automate current processes.

Why You Should Join Us:

We believe in supporting every team member with a competitive salary and a generous benefits package, including equity for all employees, exceptional medical/dental/vision benefits plans for employees and their families, 401k plan, and paid parental leave. We value time off and actually take our vacations, and we have a healthy work-life balance culture that checks egos at the door and truly unplugs at the end of the day. We embody a growth mindset and provide the support you need to grow in your career.