4 ms·
Can a co-op be a non-profit? Because the owners would be the paid workers, not outside investors.
by krisdol 10y ago
Can a co-op be a non-profit? Because the owners would be the paid workers, not outside investors.
- spoonie 10y agoBut the profits in a co-op still go to the owners, hence it's not a NP. I'm sure a NP could be structured like a co-op though, where workers get input into decision making.
- lkbm 10y agoI'm on the board for a co-op (housing co-op, not worker co-op) that's incorporated as a non-profit. I know we've talked about how we could have incorporated as a cooperative instead, and I think we could have been a cooperative non-profit....we just weren't. Co-op is about ownership (and the seven principles, but legally I think chiefly about ownership), whereas I don't think non-profit status is, for the most part.