Should we make Freerange a formal Co-operative company
Joseph Cederwall
Public
Seen by 32
http://www.business.govt.nz/companies/learn-about/other-entities/co-operative-organisations
A co-operative is a form of business organisation that is owned and democratically controlled by its shareholders/members.
A co-operative is also known as a 'mutual organisation' or a 'co-op'. The organisation is run for the mutual benefit of its shareholders/members. The organisation is established so its shareholders/members may purchase goods or use services of the organisation, rather than being established for the purpose of earning profits for investors.
There are a number of forms of co-operative or mutual organisations but the key feature of all these organisations is that their main purpose is mutual support for members or the promotion of a specific purpose or social benefit.
[email protected] · Tue 4 Dec 2012 11:53PM
Maia, we are planning to become a cooperative company. This is basically a company, but instead of trading to make profit for shareholders, we trade to give value to members of the cooperative. It means we have a board of directors, and then members.