Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

What constitutes "ownership" and what happens to ownership when someone leaves the co-op?


Ownership means all the rights and responsibilities of an equal co-owner of the business. Each member has one share. When someone leaves the co-op, they surrender their share and are no longer a co-owner. For a worker-owned co-op it's important that the owners are the people actively working in the business, and this is required by law and by our constitution (what's called being a "transacting shareholder").




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: