"A new economy is coming. While Wall Street banks are on a trend of corporate mergers and acquisitions, Main Street businesses are generating community wealth while undergoing a transition of their own. Traditional companies are becoming worker cooperatives, both to sustain during tough economic times and because years of success have enabled these companies to reward their workers. State and local governments are beginning to get wise to this trend, too, adding legislative influence to an already vibrant movement." says David Morgan in a Truthout Op-Ed. ( see his full post at: http://www.truth-out.org/opinion/item/15001-making-a-new-economy-ge... )
Co-ops certainly are a key aspect of the vision I have been forming for a way forward for the "Reconomy".
Recently I was on a Transition US conference call with with Janelle Orsi of the Sustainable Economy Law Center in Oakland, CA. The topic was "Legal Structures for the Transition". On this call Janelle gave us a run-down on all the 501c's -- pointing out to us that there are a variety of legal structures maybe even more appropriate for Transition, than the tried and true 501c3 non-profit.
When Janelle came to co-ops, she waxed rhapsodic about the wonderful ways co-ops support their members and continue to grow by keeping their profits "in the family" of members until someone chooses to leave home. Then they have to pay tax on their profits -- at least that's my understanding.
She has just published a new book, we might consider reading and discussing in our project, called: Practicing Law in the Sharing Economy: Helping People Build Cooperatives, Social Enterprise, and Local Sustainable Economies.
See what people are saying about Janelle's book at: http://www.theselc.org/book/