ADMS 1000 Lecture Notes - Lecture 10: Sole Proprietorship, Rei, Website Builder

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Alan Shapiro

Document Summary

The last on our list is what"s known a cooperative, or a business that"s fully owned and operated for the benefit of the members of the organization that use its services. In other words, whatever is earned by the cooperative is then shared among the members themselves, and aren"t required to be paid out to any external stakeholders, etc. Unlike other types of businesses, which have shareholders, cooperatives sell shares to cooperative "members," who then have a say in the operations and direction of the cooperative itself. This is one of the least common types of online businesses, although online cooperatives do exist, such as the outdoor goods store rei. There are a number of good resources that cover the intricacies of starting a co-op, such as this one. The business structure that you choose for your startup can impact your own role within the company.