cooperative society
Member-owned business group
A cooperative society is a business or organization owned and operated by its members for their mutual benefit.
Members pool resources and share profits, voting power, or services rather than having outside investors extract value.
Credit unions, agricultural co-ops, and housing cooperatives are common forms: The farmers formed a cooperative society to negotiate better prices for their grain.
- mutual aidCooperative community support
- membership duesRegular payments for affiliation
- teamworkJoint effort toward shared aim
- solidarityUnity among allies
- common goodBenefit shared by all
bylaws · annual meetings · collaboration · consensus-building · equality · microfinance · fair trade · credit union · transparency · voting rights · democratic control · accountability · collective action · grassroots movements · profit-sharing · mutual trust · pooled resources · bulk buying
cooperative societyprivate corporation
Business with restricted ownership
sole proprietorship · limited liability company · holding company · venture capital firm · private equity firm
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