4 ms·
I'd love to see more details about the business model and corporate structure and how it works. Also, they mention that the workers are "liable for any losses."
by Nifty3929 3y ago
I'd love to see more details about the business model and corporate structure and how it works. Also, they mention that the workers are "liable for any losses." - How does that work? If I own a share of Acme stock, I'm not liable for their losses, though the value of my share may go to zero.
Pretty interesting idea. Are there other examples as well?
- solardev 3y agoWikipedia has a list: https://en.wikipedia.org/wiki/List_of_worker_cooperatives?wprov=sfla1 https://en.wikipedia.org/wiki/List_of_worker_cooperatives?wp... In the US, I'm most familiar with Equal Exchange (fair trade coffee), Nebula (creator owned YouTube for documentaries), TESA (educational board games), Alvarado St Bakery (the tiger-branded breads available in many stores).
- bombcar 3y agoIt maybe "liable for losses" in the way that shareholders often are - if they want the company to continue when it is losing money, they need to "pony up" and invest more. But it may be a different type of corporation than the standard US "limited liability" type (where you can only have your shares go to zero unless you're significantly materially involved AND do criminal shit).
- s1artibartfast 3y agoIf you run ACME as sole proprietorship S-corp in the US, you are also on the hook for the losses. If you spend 9K but spent 10k, you have 1K less in your bank at the end of the year.