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Below is an Operating Agreement created by the Sustainable Economies Law Center for a worker‐owned cooperative popsicle company. It was written to conform with California law and with their particular preferences and needs. You can
There is no one right way to create a governance structure. The design of governance is entirely dependent on the desires of the members. Good governance practices will be extremely important in maintaining accountability and
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
Governance documents provide clarity about the rules that a cooperative’s members agree to follow, and can play a major role in avoiding lengthy conflicts. A cooperative’s governance documents are the written documents that set out
Governance refers to how the company is controlled and how decisions are made. Governance also includes how the cooperative and its workers are held accountable, both to their internal members and to external stakeholders. There
As you set up worker cooperatives, an important step is choosing the right legal structure. Once you’ve made that decision, your next steps include registering your business, getting acquainted with the Corporate Transparency Act, and
Developed by Rebecca Lurie and Bernadette King Fitzsimons, this toolkit delves into the intersection of cooperative law and employment and labor relations law, with a focus on unionized workers and worker-owned employers. It provides valuable
This glossary defines and explains common business terms related to cooperatives. While it doesn’t cover every term, these definitions aim to assist you in navigating the cooperative process. Glossary Ancillary Loan Agreement- an extra agreement that
Choosing the Right Legal Structure for Your Coop If you wish to start a cooperative business, it is important to choose the right legal structure for a number of reasons, including the application of employment