A chart to assist with selecting the most appropriate legal entity for your worker cooperative. Compares: Sole Proprietor, C-Corp, S-Corp, Limited Liability Company (LLC), and Cooperative Corporation.
The legal and financial framework described here came out of three and half years of collaboration with attorney Bart Deamer, a partner at the Silicon Valley office of Bingham McCutchen LLP. Key concepts and terms used in our system are highlighted in bold italics. Those who are interested can use the footnotes to learn more about the technical details of implementation and find the corresponding provisions in the legal documents.
