Month: October 2021

October 1, 2021

Cooperative Finance Business

A cooperative (co-op) is owned by the same people it serves. Its offerings benefit the company’s members, also called user-owners, who vote on the organization’s mission and direction and share profits. Advantages that cooperatives offer include: Lower taxes. Like an LLC, a cooperative doesn’t tax its members on their income. Increased funding. Cooperatives may be eligible for federal grants that help them get started. Discounts […]