benefits of forming cooperative
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Advantages of a Cooperative
- Less Taxation
- Funding Opportunities
- Reduce Costs and Improve Products and Services
- Perpetual Existence
- Democratic Organization
- Obtaining Capital through Investors
- Lack of Membership and Participation
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Cooperatives are based on the values of self-help, self-responsibility, democracy, equality, equity, and solidarity. In the tradition of their founders, cooperative members believe in the ethical values of honesty, openness, social responsibility and caring for others.
The purpose of a cooperative is to realize the economic, cultural and social needs of the organization's members and its surrounding community. Cooperatives often have a strong commitment to their community and a focus on strengthening the community they exist in or serve.
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