LLC Basics for Worker Co-ops

Sarah Sexton

[Editor's note: Unfortunately, many states in the US have not yet adopted legislation to recognize worker cooperatives as a unique form of business.  Many worker-owners, therefore, have to creatively fit their businesses into existing regulatory systems and designations.  One of  the most common ways is by registering as a Limited-Liability Company (LLC).  The paper below details the major considerations and requirements for worker cooperatives that choose this type of organizational structure. For more publications by the Insight Center for Community Development, vist their website.]

 

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Publication Date: 
Wednesday, August 10, 2016