Cooperative what is

A non-distributing co-operative formerly known as a 'non-trading' co-operative will use surplus funds to support its activities. Funds are not distributed to members. Non-distributing co-operatives are likely to be more appropriate for a community organisation. A non-distributing co-operative must also have at least five active members, but must not distribute surpluses to its members. It can have share capital, but this is optional. We do not conciliate disputes within co-operatives.

For more information on resolving issues within your co-operative, view our Handling disputes in a co-operative page. Skip to content Skip to main navigation Skip to footer. Your rights and responsibilities Menu options for Consumer Affairs Victoria Housing Renting, buying and selling property, building and renovating, owners corporations, retirement villages.

What is a co-operative? Skip listen and sharing tools Listen. On this page: Definition of a co-operative What can a co-operative do? Distributing and non-distributing co-operatives Should you form a co-operative?

Our involvement Definition of a co-operative A co-operative is a democratic organisation, owned and controlled by its members for a common benefit. Voting rights Unlike private companies, co-operatives do not have a limit on membership numbers. Public register We keep a public register of Victorian co-operatives, authorise their registration and enforce the Co-operatives National Law in Victoria.

What can a co-operative do? What differentiates them from other forms of business? What are the advantages of cooperatives for members and communities in general? Cooperatives are business enterprises owned and controlled by the very members that they serve. Their member-driven nature is one of the most clearly differentiating factors of cooperative enterprises. This fact means that decisions made in cooperatives are balanced by the pursuit of profit, and the needs and interests of members and their communities.

Cooperatives take many forms and operate in all sectors of society. Most share a unique set of principles which keep them attuned with their member-driven characterization. See cooperate , -ive. Words nearby cooperative coop , cooper , cooperage , cooperate , cooperation , cooperative , cooperative bank , cooperative farm , Cooperative Party , cooperative society , cooperative store.

Words related to cooperative collegial , concerted , coordinated , harmonious , interdependent , reciprocal , symbiotic , united , responsive , supportive , useful , coefficient , collective , combining , common , joining , team , sociable , agreeing , coacting. Video gaming is for everybody now. Harry Guinness January 25, Popular-Science. The Underworld James C.

Before Adam Jack London. Also called: cooperative apartment US a block of flats belonging to a corporation in which shares are owned in proportion to the relative value of the flat occupied Sometimes shortened to: coop Compare condominium def.