Gleanings

“I would prefer to sell this business to my employees, but an ’employee stock ownership plan’ (ESOP) sounds too complicated for a small business like this one.

“I’ve been reading online about ‘worker’s co-operatives’ that can be set up using a limited liability company (LLC), but as I understand them LLCs cannot retain earnings — everything must be distributed to the owners at year-end, which would prevent this business from growing over time.

“Could you please address this in one of your future columns?”

Santa Ana has become the first city in Orange County to adopt a resolution supporting worker cooperatives – businesses owned and operated solely by their workers, who also share profits.

The resolution to support the development and growth of the cooperatives passed on a 5-0 vote at the Santa Ana City Council on Tuesday night, Aug. 1, with David Benavides and Sal Tinajero absent.

The Natural Foodstore in Diss has been run as an independent whole foods retailer for over 3 decades. Marian, the owner is retiring and we need YOUR help to buy the business and turn the shop into a workers' cooperative. There are many benefits to becoming a cooperative, as outlined below.

 
3.What does solidarity economy mean to you?

Coordination and not competition.  Working as a community to determine needs and then implementing ways to fill those needs that creates a dignified life for everyone and every thing.

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