If he owns it, he will want to recover his overhead and make profit beyond that to compensate for his risk and extra effort. That profit typically isn't shared

If he owns it, he will want to recover his overhead and make profit beyond that to compensate for his risk and extra effort. That profit typically isn't shared with the other stylists. On the other hand, the owner will likely diligently pursue his own interest in making the shop as profitable as possible by attracting the most customers to the best service, which may greatly benefit the stylists (and make them willing to pay more for use of the chair). If it's a co-op, all expenses and profits will be split among the members. (I'm assuming that the co-op members are limited to the stylists in this case.) The business is not likely to be pursued as diligently as it would be if it was a sole proprietorship, as an individual member will not be proportionately compensated for making an outsized effort. If the co-op is large enough to require a full-time employed manager and other staff, then it's just a privately held corporation, and will perform as such.