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A co-operative is a business owned by its members. In different types of co-operatives, members can be users, consumers or workers. They control the co-op democratically, share in profits, and benefit from customized products and services.
A co-operative is an organization owned by its members that share similar economic, cultural and/or social needs. Each member has the right to vote, giving them democratic power within the organization.
- Table of Contents
- About This Guide
- What Is A Co-Operative?
- Values and Principles of A Co-Operative
- Structure of A Co-Operative
- The Seven Steps in Forming A Co-Operative
- Phase II - Co-Ordinate The Pre-Co-Operative's Activities
- Phase III - Organize and Start-Up The Co-Operative
- Developing The Business Plan of A New Co-Operative
- Frequently Asked Questions About Co-Operatives
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The guide was developed in partnership with the provinces and territories and was designed to provide Canadians with essential information on the co-operative business model. This guide is intended to: 1. introduce you to different aspects of the co-operative business model in Canada; 2. present you with the key characteristics of federal, provinci...
A co-operative is a legally incorporated corporation that is owned by an association of persons seeking to satisfy common needs such as access to products or services, sale of their products or services, or employment. While co-operatives serve a wide variety of functions, they generally fit one of the following four types: 1. A consumer co-opprovi...
A distinguishing feature of co-operatives is that they share the same values and guiding principles that are exercised in their governance and operations. The Statement on Co-operative Identity was adopted in 1995 by the General Assembly of the International Co-operative Alliance (ICA) held in Manchester to mark its centennial. The statement is the...
A co-operative is both an association of people and an enterprise. It therefore has two different structures: 1. the association of people requires a democratic structure (general meeting, board of directors, other boards and committees) in which members or their representatives can participate directly or as delegates of groups or members; and, 2....
Phase I - Develop the Co-operative Business Idea
1. Identify the needs to be met: 1.1. availability or stability of employment 1.2. availability of certain products or services 1.3. quality of certain products or services 1.4. products or services at a better price 1.5. market development 2. Identify professional assistance needed to launch the business: 2.1. legal consultant 2.2. co-operative development consultant 2.3. feasibility study, business plan and financial consultant 2.4. accounting consultant 2.5. others 1. Conduct a preliminary...
Choose the corporate name of the co-operative and location of its head office.Define the co-operative's mission (objectives, purpose).Elect a temporary board of directors and secretary to the board.Officially submit an application for incorporation as a co-operative to the provincial ministry responsible for co-operatives or to Innovation, Science and Economic Development Canada, if you are i...Decide on the association's structure and define the various categories of members, if necessary (e.g., consumers, suppliers, workers).Determine the roles and responsibilities of the various democratic bodies (general meeting, board of directors, committees).Establish the articles and by-laws.Recruit members.A business plan is a document that provides a complete description of the co-operative enterprise you wish to form. It describes in detail the products or services that will be produced or sold; the organization of work and management approach; results of the market study and marketing plan; characteristics of the paid and unpaid human resources (t...
What does it mean to incorporate as a co-operative? The act of incorporating means that the co-operative becomes a legal entity. This means that the co-operative has the same rights as a natural person: it can acquire assets, go into debt, enter into contracts, etc. The act of incorporation limits the liability of a co-operative's members. As a gen...
Learn about the co-operative business model in Canada, its characteristics, types, legislation and resources. Find out how to form a co-operative, its values, principles and structure, and the benefits of co-operative ownership.
Learn about the role, benefits and types of co-operative businesses in Canada. Find information, data, research and online training on co-ops and how to create and operate them.
From breweries to laundries, Ohio is covered in diverse and unique cooperatives that play a significant role in the state’s economy. Ohio, is home to cooperatives in a variety of sectors, including financial services, agriculture, housing, and more. Of the 452 cooperatives headquartered in Ohio, 228 are credit unions.
Jun 1, 2024 · Ohio Cooperative Living is the official voice of Ohio’s Electric Cooperatives — delivered to nearly 300,000 cooperative members in Ohio and West Virginia every month.
DHI Cooperative Inc. is your LOCAL provider of Dairy Herd Improvement services for Ohio, Florida, Georgia and surrounding areas. We operate a lab in Columbus Ohio, and contract with Southeast Milk in Belleview Florida for lab services in that area.
