cooperative business definition
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cooperative As an adjective, cooperative describes working together agreeably for a common purpose or goal as in cooperative play or cooperative employee. As a noun, a cooperative is a jointly-owned business or enterprise where members pool their resources to purchase, do work, and/or distribute things.
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- The General Partnership A general partnership (or simply partnership) is an association of two or more people carrying on a business with the goal of earning a profit. A partnership is viewed as being one and the same as its owners. There is little formality involved in creating a partnership.
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Partnership â What is a partnership? Partnership – What is a partnership? A partnership is a business structure whereby two or more people share ownership; these partners share any profits, but also the costs, risks, and responsibilities involved with the running of the business. Keeping on top of your accounting and finances is essential for the growth of a business.
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- small business consortia Business consortia are alliances of individual business enterprises. These firms are often in the same broad field or industry, though they are rarely in direct competition with one another.
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combine cartel, corporate trust, combine, trust - a consortium of independent organizations formed to limit competition by controlling the production and distribution of a product or service; they set up the trust in the hope of gaining a monopoly.
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What is a 'Partnership' A partnership is a formal arrangement in which two or more parties cooperate to manage and operate a business. Various partnership arrangements are possible: all partners might share liabilities and profits equally, or some partners may have limited liability. Not every partner is necessarily involved in the management and day-to-day operations of the venture, such as in the case of a silent partner. In some jurisdictions, partnerships enjoy favorable tax treatment relative to corporations.
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Collective A Worker cooperative is a type of horizontal collectivism wherein a business functions as a partnership of individual professionals, recognizing them as equals and rewarding them for their expertise. The working collective aims to reduce costs to clients while maintaining healthy rewards for participating partners.
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cooperative working or acting together willingly for a common purpose or benefit. 2. demonstrating a willingness to cooperate: The librarian was cooperative in helping us find the book. 3. pertaining to economic cooperation: a cooperative business.
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- What we can do for you. Legal characteristics of a Cooperative. The Cooperative can be incorporated as a legal entity with limited liability for its participants, in legal terms: the cooperative will then be comparable with an ordinary Dutch limited liability company (BV or NV).
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- The Cooperative is in fact a species of the legal form of Association (‘vereniging’), and therefore it does not have shareholders, but members. As such, it should always have at least two members upon incorporation.
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Cooperative Advertising: Definition & Examples Cooperative advertising is advertising where a retailer or a wholesaler share the costs of an advertising campaign with the manufacturer of the product being advertised.
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cooperative Also called co-op, cooperative apartment. 1  a building owned and managed by a corporation in which shares are sold, entitling the shareholders to occupy individual units in the building. 2  an apartment in such a building. Compare condominium (defs 1, 2).
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Collaboration and collaborative software: Glossary collaborative BI (collaborative business intelligence): the merging of business intelligence software with collaboration tools, including social and Web 2.0 technologies, to support improved data-driven decision making.
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What Is a Worker Cooperative? A worker cooperative is a values-driven business that puts worker and community benefit at the core of its purpose. The two central characteristics of worker cooperatives are: workers own the business and they participate in its financial success on the basis of their labor contribution to the cooperative.
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Cooperative The world's largest consumers' cooperative is the Co-operative Group in the United Kingdom, which offers a variety of retail and financial services. The UK also has a number of autonomous consumers' cooperative societies, such as the East of England Co-operative Society and Midcounties Co-operative.
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Condominiums and Cooperatives Corporate organization. The most common type of cooperative organization is its corporate form. Three documents are required for the formation of a corporate cooperative: a corporate charter or certificate of incorporation; bylaws; and a proprietary lease or occupancy agreement.
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Overview of Businesses and Partnerships General Partnership. A general partnership is a business owned by two or more people, who share in the prof­its or losses. A legal definition of a partnership is: a voluntary association of two or more persons to carry on, as co-owners, a business for profit. Limited Partnership. A limited partnership is a special kind of partnership, in which there are two classes of partners. One class is that of general partners.
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What is a Cooperative? What is a Cooperative? Simply put, a cooperative is a not-for-profit business voluntarily owned and controlled by the people who use its services. Unlike investor-owned utilities, an electric cooperative is operated by and for people of the community. Its goal is to provide reliable power, not make a profit.
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Agricultural cooperative Marketing cooperatives are established by farmers to undertake transportation, packaging, distribution, and marketing of farm products (both crop and livestock). Farmers also widely rely on credit cooperatives as a source of financing for both working capital and investments.
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What is a Cooperative? Producer Cooperatives. In this type of cooperative separate business owners come together to purchase items, hire staff, process items or provide services to benefit the whole collective. These items, staffers or services are then shared with all of the members to be used in their own respective companies.
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- (Learn how and when to remove these template messages) Co-creation is a management initiative, or form of economic strategy, that brings different parties together (for instance, a company and a group of customers), in order to jointly produce a mutually valued outcome.
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Cooperatives Cooperatives play a critical role in building community wealth for several key reasons: They often provide quality goods and services to areas that have been shunned by traditional businesses because they are deemed less profitable markets.
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Defining the Cooperative Defining the Cooperative. A cooperative can be defined in various ways: no single definition is sufficient for our study. We describe the multidimensional character of cooperative organizations and then identify firms and economic sectors that fit within one or more of these dimensions.
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Agricultural cooperative Agricultural cooperative. An agricultural cooperative, also known as a farmers' co-op, is a cooperative where farmers pool their resources in certain areas of activity.
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SMALL BUSINESS CONSORTIA SMALL BUSINESS CONSORTIA. Business consortia are alliances of individual business enterprises. These firms are often in the same broad field or industry, though they are rarely in direct competition with one another. Instead, members usually offer products or services that are complementary to those available through other consortium members.
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What Is a Cooperative Advertising? Cooperative advertising involves paid advertising messages with costs shared by retailers and manufacturers. Retailers often initiative the pursuit of co-op ads with the point being that the retailer and the manufacturer benefit when end customers buy the products the manufacturer makes and the retailer sells.