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I'm a huge fan of cooperatives -- or at least the idea of them. I know that in practice there are many obstacles to their being done right. A few questions:
by jawns 12y ago
I'm a huge fan of cooperatives -- or at least the idea of them. I know that in practice there are many obstacles to their being done right. A few questions:
1) Is your consultancy actually formally organized as a co-op, or are you just using cooperative principles?
2) I imagine many consultancies are organized as limited liability companies. From a legal standpoint, does being organized as a co-op put you at greater liability?
- walshemj 12y agoHaving worked at a UK tech coop (poptel)the way we did it was the coop owns a controlling interest the company that employs the members(co-operators) It can get complex poptels structure took a 5 page document and a hour or so to explain to members as we took VC funding.
- j4pe 12y agoMe too! At the moment it's an LLC run according to co-op rules through my PayPal account. Obviously this won't scale : )