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 the cooperative structure’s history and how it promotes economic equality. Additionally, the author discusses the potential legal and financial obstacles that the cooperative structure may encounter and provides helpful suggestions on how to avoid these common pitfalls.
Loconomics’ Conversion to a Freelancer-Owned Cooperative
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 a free-lancer cooperative that creates greater income security and better working conditions in this growing sector of the economy. Co-op
How Cooperatives Are Structured
Cooperatives are member-owned and democratically controlled businesses that distribute profits based on an equitable patronage system. Cooperatives are structured by type of cooperative, the tax status and the legal entity that is chosen by its members. The decision depends on the mission and needs of the co-op. Difference between Co-op Type, Legal Entity and Tax
How Money Flows Through a Cooperative
The way money moves from clients to the cooperative, to the worker owners and shareholders is based on the value of community wealth building. The system that keeps any value generated by individuals (such as profit, labor, etc.) within the co-op and distributed back to those individuals is called patronage. Sometimes, members are even called
