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Saturday, July 4, 2009
DreamsWhat did you want to be when you were a child and did you follow thru on that dream?
4:40 am est
How do you feel about business co-ops? A
co-op (cooperative) is a business is like any other business; however in several important ways they're unique and different.
Are owned and democratically controlled
by their members-the people who use the co-op's services or buy its goods-not by outside investors; Co-op members elect their
board of director from within the membership. Return
surplus revenues (income over expenses and investment) to members proportionate to their use of the cooperative, not proportionate
to their "investment" or ownership share. Are
motivated not by profit, but by service-to meet their members' needs for affordable and high quality goods or services;
Exist solely to serve their members. Pay taxes on income kept within the co-op for investment
and reserves. Surplus revenues from the co-op are returned to individual members who pay taxes on that income.
4:37 am est
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