Category: Converting a Traditional Business to a Cooperative

While many conventional businesses operate and transact without much help from lawyers, cooperative conversions are perhaps uniquely in need of legal expertise and support. Lawyers can help you navigate the conversion process and protect everyone

Financing the conversion of a worker cooperative can be tricky even if it brings tremendous benefits to workers, businesses, and society. To purchase the business they work for, workers generally need to get capital from

There are many factors that affect business valuation including the seller’s personal needs and the terms of the sale. Cooperative conversions add more complexity to determining the sale price and it is important to understand

There are many ways to transition your business to cooperative governance. There is an art to governance design, with many policies, practices, roles, and rules that can be arranged into place to produce a desired

Your approach to converting an existing business depends largely on the type of business you’re converting. Forming a Steering Committee can be helpful for navigating this process. The Steering Committee must then assess a few

There are two options for selling a business: an asset sale and an entity sale. In an asset sale, the buyer purchases the tangible and intangible assets while the entity’s owners retain equity, whereas, in