A Layperson’s Guide to the Teamworks Cooperative Network’s Financial and Legal Structures This document presents a brief review of the financial and legal frameworks of the Teamworks Cooperative Network, which includes a brief account of
Legal Case Study: Select Machine Select Machine is an Ohio-based firm that manufactures, sells, and distributes custom parts for demolition and construction equipment. It was founded in 1994 by Doug Beavers and Bill Sagaser. They
Co-op Conversion Case Study: Real Pickles Real Pickles is an example of a business that chose to convert to employee -ownership over selling their business to a large corporation in order to preserve their social
The Island Employee Cooperative (“IEC”) was created after Vern and Sandra Seile, owners of a supermarket, grocery store, and pharmacy/variety store, merged and sold their businesses to their employees. The IEC conversion powerfully illustrates the
In 2006, the Colorado Recovery Center, a Boulder-based residential treatment facility for adults suffering from serious mental illness was founded. Two years after opening the owner became too ill to run the business. The owner
Loconomics is an online platform where people may offer their services to strangers who use the platform to book, pay for, and review the services. Loconomics is a great example of a business conversion into
The information presented on Co-oplaw.org is largely based on California law and IS NOT LEGAL ADVICE.
Have suggestions or notice something we missed? Share your feedback with us here.
