| Task | Notes/Questions | Assigned To | Next Step |
|---|---|---|---|
| ☐ Choose legal entity structure | Compare Cooperative Corporation, LLC, or nonprofit hybrid models | ||
| ☐ Draft operating agreement/bylaws | Use established co-op templates as starting point | ||
| ☐ Define membership eligibility | Set clear worker-owner pathways and requirements | ||
| ☐ Set up governance rules | Establish one member, one vote system and decision-making processes | ||
| ☐ Establish profit-sharing rules | Define surplus distribution and member equity structure | ||
| ☐ Register with state agency | File appropriate formation documents | ||
| ☐ Obtain EIN | Apply through IRS website | ||
| ☐ Open cooperative bank account | Research credit unions and community banks | ||
| ☐ Assign initial roles | Cover finance, operations, outreach, scheduling | ||
| ☐ Document internal systems | Create policies for operations and governance |
Use this worksheet as your co-op buildout guide. It's meant to help you move from idea to legal structure and begin operating democratically.
If you're unsure about entity type, consult your local co-op development center or legal aid group.