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The organizational structure of a cooperative is based on demo- cratic principles. As owners of the business, the members are the decision makers. Members control their cooperative through a Board of Directors that they elect from among themselves.
Types of Cooperatives1) Retail Cooperatives. Retail Cooperatives are a type of "consumer cooperative" which help create retail stores to benefit the consumers making the retail our store.2) Worker Cooperatives.3) Producer Cooperatives.4) Service Cooperatives.5) Housing Cooperatives.
operative is a legally incorporated corporation that is owned by its members, who use the cooperative's services or purchase their products.
Types of CooperativesProducer / Marketing Cooperatives.Consumer Cooperatives.Worker Cooperatives.Housing Cooperatives.Financial Cooperatives.New Generation Cooperatives.Multi-Stakeholder Cooperatives.Non-profit Community Service Cooperatives.
A cooperative or co-op is a type of legal entity that is distinguishable from standard, for-profit corporations, LLCs, and partnerships. Co-ops offer a flexible business model that can be used by any group of people who are interested in creating a democratic decision-making company that benefits all members.
Your co-op's most important document (aka your co-op Bible) is its bylaws (known as rules of association by the BC crowd). Bylaws, along with your articles of incorporation, make up your incorporating documents that outline the co-op's ownership and foundational procedures.
Cooperatives are sometimes small and sometimes big. They range from informal, unincorporated associations with few members to large corporations which count their members in the tens of thousands. Most of them nowadays are incorporated. A cooperative can be incorporated with or without issuing stock to its members.
Marketing, supply, and service cooperatives are the most common types of agricultural cooperatives in the United States. Marketing cooperatives assemble, pack, process, and sell members' products in both domestic and foreign markets.
The Differences between Incorporated and Unincorporated Businesses. Since an incorporated business becomes a separate entity from the owner, it can stand alone in the courts. If you run an unincorporated business, you, the business owner, bear all of the responsibility and liability for everything your business does.
Step 1 - Identify a Common Economic Goal. Step 2 - Determine Business Feasibility. Step 3 - Develop a Business Plan. Step 4 - Draft Legal Papers and Incorporate the Co-operative.