Governor Brown Signs California Worker Cooperative Act

Governor Brown announced today that he signed a bill into law to facilitate the creation of worker-owned cooperative businesses in California. The new law, Assembly Bill 816, will remove unnecessary barriers to the creation of new worker cooperatives in California and improve operations for some existing worker cooperatives.

“AB 816, the California Worker Cooperative Act, provides a clear legal template for the formation of worker-owned businesses,” said East Bay Community Law Center staff attorney Sushil Jacob. “By providing a pathway to incorporation and a clear legal structure, AB 816 will encourage the creation of new businesses and jobs that build the assets of working people throughout the state.”

Read the full article at The Sustainable Economies Law Center

 

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