Thread: Co-Op
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Old 05-12-2009, 09:09 AM   #4 (permalink)
VoloInnovations
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Join Date: Mar 2009
Location: Vancouver BC CAN
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THe Co-op idea always has appealed to us although we have a traditional company. But the thought of everyone being involved in the ownership will hopefully get everyone thinking about the space and equipment respectfully - perhaps not such an issue with caveman type training but you will be suprised the things you will end up haveing to fix/maintain/clean!!!

I think there is substantial paperwork to maintain a co-op and annual meetings and quorums that must be present so If it is just for fun it may simply be too much work. Get in touch with a lawyer about what is required to maintain a co-op annually. YOu may also have to do a higher level of tax returns for the co-op which could also increase your annual expenses significantly.

Good luck!
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