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

How to Use This Worksheet

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.

Next Steps After Formation