How-To Guide

How-To Guide

Choosing a Business Entity: A Guide for Worker Cooperatives

Author(s) : Camille Kerr
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When forming, worker cooperatives have an important choice to make regarding their legal entity. Each entity type has implications on important issues including taxation, employment law, and access to capital. This resource is intended to give a brief overview of the entity types and lay out the issues worker cooperatives may want to consider when choosing which is the best fit for the business at whatever stage it is currently in.

Decisions in the Process of Business Transition (Who Decides What?)

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Before a cooperative transition process can get started, the selling owner needs to make some decisions about how to structure the process, specifically she needs to clearly define who has decision-making power in the process: herself, the transition committee, the likely coop members, and the whole group. This chart outlines who decides what.