A cooperative business, or co-op, is a business that is owned and controlled by its members, who benefit from the business’s earnings. Co-ops are different from other businesses because they are run for the benefit of their members, rather than for the profit of investors
Workshops and seminars on business management, financial literacy, and cooperative principles to empower members.
Offering consultancy services, market research, and business planning assistance to help members grow their enterprises.
Pooling resources to negotiate better prices for supplies and services, benefiting all members.
Establishing a microfinance or loan program to provide members with affordable financing options.
Organizing events for members to connect, share experiences, and collaborate on projects.
Providing training on digital tools and platforms to enhance operational efficiency.
Promoting environmentally friendly practices and sustainable business models among members.
Encouraging members to participate in local community development initiatives to enhance their social responsibility.
Representing members' interests in policy discussions and lobbying for favorable regulations.
Co-op earnings benefit the member-owners
Members are only liable for the money they have invested in the co-op.
Cooperatives receive a “pass-through” designation from the IRS, meaning that members pay federal taxes on the margins earned by the cooperative.
Cooperatives are often considered not-for-profit businesses and receive tax exemptions and concessions.
Members raise the financing needed to launch a co-op by buying membership shares, providing loans, and fundraising.
Cooperatives can support local economic, business, and community development.
Cooperatives can be a good option for people looking to start a business with lower startup costs, because members contribute capital and provide support.