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Cooperative corporations are often thought of as nonprofits because co-ops are organized specifically “for the purpose of providing services and profits to its members and not for corporate profit.”

We have represented large (>600 member) and small (<10 member) co-ops in a range of industries, including transportation, grocery store purchasing co-op and retail stores, artist and maker co-ops.

Because co-ops are as unique as their members and purpose, it’s important to thoughtfully create unique bylaws that represent the vision of the members and embed a governance structure that’s in alignment with the co-op’s values.

Co-ops are subject to federal and state securities laws like any other business. However, most states have adopted the SEC position that a share of stock evidencing a cooperative corporation membership interest is not a security if: (1) the interest is not transferrable, (ii) pays no dividends (other than patronage rebates), and (iii) does not appreciate in value.

We are experienced with helping co-ops raise money for capital projects and have successfully completed securities registrations with the State of Oregon Department of Consumer and Business Services.

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You may be interested in our Co-Op Legal Guides (Oregon & Texas) and our Participatory Bylaws presentation.

These resources are available to your for free here, on our Publications Page.

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Tell Us About Your Cooperative Vision:

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We focus on helping individuals and companies with outsourced corporate counsel activities, securities registrations, business transactions, and other business consulting. Find out how we can help you.

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541-638-9171

THE FIRST INTRODUCTORY CALL IS ALWAYS FREE.