Recent searches
Search options
I've realised that people might not really have any clue about how #coops are different from regular businesses. So I'm going to write something.
Questions?
----
There are no stupid answers. You might want to ask about things related to everything from politics to money to the history of the co-operative movement. It could be that you just want to know how co-ops make decisions when everyone owns the business? Up to you.
@dajb What does the initial set up of a coop look like? Person I know tried to start one with their colleagues and were under the impression that they all had to form their own LLCs then combine as shareholders into a coop. Is that true? I’m sure it’s different depending on locality, the specific profession, and many other factors, but an idea or example of how one starts a coop would be great to hear.
@Ateriath @dajb Like @dajb said, it depends on the region. Illinois and some states have Worker Cooperative laws in place. While these are great for many reasons, you can set up a coop as an LLC (no need for each owner to create their own). The Sustainable Economies Law Center has a lot of helpful information (https://www.theselc.org/)