answersLogoWhite

0

The members of the co-operative own it.

User Avatar

Wiki User

15y ago

What else can I help you with?

Continue Learning about Finance

How is cooperative building is owned?

The residents are shareholders in a corporation that owns the building, and shareholders are given exclusive use of residences or units.


Is Grameen Bank a Cooperative?

Is Grameen Bank a cooperative? Why or Why not?


Who are the cooperative stakeholders?

Cooperative stakeholders are individuals or groups who have a vested interest in the operations and success of a cooperative organization. This typically includes members or owners of the cooperative, employees, suppliers, customers, and the community in which the cooperative operates. Each stakeholder group contributes to and is affected by the cooperative's decisions and activities, making their collaboration essential for sustainable growth and mutual benefit. Their engagement helps ensure that the cooperative aligns its practices with the needs and values of its diverse stakeholder base.


Can you own a home if you don't own the property?

Yes, you can own a home without owning the property through various arrangements like leasehold agreements or cooperative housing. In a leasehold, you own the home but lease the land from a landlord for a specified period. In cooperative housing, you own shares in a corporation that owns the property, granting you the right to live in a unit. These options allow individuals to have a home without direct ownership of the underlying land.


Does a Cooperative enjoy limited liability?

Yes, a cooperative typically enjoys limited liability, similar to other corporate structures. This means that the personal assets of its members are generally protected from the cooperative's debts and liabilities. Members' financial risk is usually limited to their investment in the cooperative. However, the specific legal provisions can vary based on jurisdiction and the cooperative's structure.

Related Questions

What Fairtrade cocoa cooperative co-owns Divine?

Divine Chocolate, a leading Fairtrade company, is co-owned by the Kuapa Kokoo farmers’ cooperative in Ghana.


How a cooperative is owned?

The residents are shareholders in a corporation that owns the building, and shareholders are given exclusive use of residences or units.


How is a cooperative building owned?

The residents are shareholders in a corporation that owns the building, and shareholders are given exclusive use of residences or units.


How is cooperative building is owned?

The residents are shareholders in a corporation that owns the building, and shareholders are given exclusive use of residences or units.


Who owns a cooperative?

A cooperative is owned by members, each of whom has one share. Unlike in a corporation, nobody can have any more than one share, so nobody can be a majority shareholder. The management is therefore more democratic than in a corporation, since every member owns the same amount and has the same voting power as any other member.


Why possibility of conflict between members is disadvantage of cooperative?

A cooperative is really a corporation that owns the land or a land lease. If you look at it simply as a corporation, conflicts can be hazardous. Generally, such conflicts would arise out of different views on how to manage the finances of the cooperative, which may ultimately lead to higher payments from certain owners, or more restrictions that make it difficult for owners to navigate in this market. I generally tend to stay away from cooperative buildings. Think Properties NYC


What are the different kinds of cooperatives?

Housing cooperative Building cooperative Retailers' cooperative Utility cooperative Worker cooperative Business and employment co-operative Social cooperative Consumers' cooperative Agricultural cooperative Cooperative banking (credit unions and cooperative savings banks) Federal or secondary cooperatives


What is the comparative and superlative form of cooperative?

The comparative is more cooperative, and most cooperative is the superlative.


Who owns blue diamond?

Blue Diamond, the almond processing and marketing company, is owned by the Blue Diamond Growers cooperative, which is made up of thousands of almond growers primarily located in California. Established in 1910, the cooperative operates with the aim of maximizing returns for its members through the production and sale of almonds and almond products. As a cooperative, ownership is shared among its grower members, who benefit from the collective strength and resources of the organization.


What is cooperative societies and the types of cooperative societies?

cooperative society is a voluntary association of people for their common economic development. Types: consumer cooperative producers cooperative market cooperative credit cooperative framing cooperative


Who owns welchs?

Just did a report on Welch's. Welch's is it's own entity and is not owned by a bigger company (e.g. pepsi, etc) but rather is owned by an association, the National Grape Cooperative Association.


Is cooperative farming same as cooperative marketing?

No.