The assets of the co-op are seen as the result of the work done by members. Members of the co-op have a claim on the assets, and if the business ends then members and possibly recent ex-members will take a share of the assets, often in proportion to how long they have worked for the co-op. It means that the members of the co-op would own the assets and profits of the business. We draft our constitution, and re-submit it as the articles of association for TABLEFLIP LIMITED at companies house.We become a "Employee owned, fully mutual workers co-op in co-ownership".The proposal, as a starting point, a mimimum viable co-op: TABLEFLIP: a workers co-op for web developers We will do so with the agreement that the choices TABLEFLIP makes on how goes about it will be made with everyone who works for it involved, with an equal say, and with transparency. We will however, continue to run a business, deal with clients, invoice for work, employ people, pay rent and contractors and taxes. The key point is working for a co-op means that making money isn’t the bottom line. It's notable that these principles aren't very business oriented, but more focused on working together in a fair way. People have been doing this sort of thing for a long time. Historical aside: These are an evolution of the Rochdale Equitable Pioneers principles, from 1844. What is a co-operative? - International Co-operative Alliance Co-ops act with concern for the community. ![]() Co-operation among co-ops benefits members and the wider co-op movement.We also inform the public about the benefits of co-operation. ![]() Co-ops educate and train their members so they can contribute to the co-op.Co-ops are autonomous and independent self-help organisations.Investment does not give control and only gives a small return. Members have a fair stake in the co-op.Co-ops are controlled only by their members, who each have equal control. ![]()
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