More Info for Conversions
Are you a business owner considering transitioning your business to a worker cooperative? Or an employee seeking information about how to purchase an existing business and convert to a worker cooperative?
Below are resources from our Resource Library about business conversion. And visit our Conversion Projects page to learn more about how the Institute supports owners and employees during the conversion process.
Resources for Conversions
Workers to Owners 2019 Data Brief
Worker Co-ops: Weathering the Storm of COVID-19
COVID-19 has devastated the small business community, and the clock is ticking on permanent shutdowns of small businesses. 45 percent of businesses believe they have less than six months until a permanent shutdown is unavoidable. Tens of millions are still unemployed. Millions of Americans will fall off an “income cliff” when unemployment benefits end.
Innovative Financial Models to Spur Worker to Owner Conversions
Decisions in the Process of Business Transition (Who Decides What?)
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.
Small Business Ownership Succession: The Cooperative Solution
Projecting the Long-Term Consequences of ESOP vs. Co-op Conversion of a Firm on Employee Benefits and Company Cash
Conversions Timeline
Gant chart outlining the phases a business goes through during transition to a cooperative.
Conversion Brochure (OEOC)
A 2-page brochure with basic information about converting your business to a worker cooperaive.
Introduction to Worker Cooperative Business Transition Planning
This presentation goes over the steps of the cooperative transition process and outlines benefits, challegnes, and key questions of a business transition.
Link: here
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