Innovative Financial Models to Spur Worker to Owner 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.
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.
Gant chart outlining the phases a business goes through during transition to a cooperative.
A 2-page brochure with basic information about converting your business to a worker cooperaive.
This presentation goes over the steps of the cooperative transition process and outlines benefits, challegnes, and key questions of a business transition.
Link: here
A presentation on how employees can buy-out a company and convert to a worker cooperative.