COOMPANION

Cooperative companies can be run under a variety of different corporate structures. A cooperative economic association is often ideal, because the relevant legislation is designed to handle a democratic approach to ownership. All joint owners/members of the association have a vote and they decide jointly on how to allocate a surplus. A cooperative economic association (in common with a limited company) is a legal entity. It must comprise at least three people or companies and the members must decide jointly on the size of the start-up capital.