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This question is about employer.
What is a cooperative business?
A cooperative business is a business owned by "member-owners". Unlike a traditional business model, cooperative businesses allow each member to get a say in how the business is run. Basically, people who use the products and services in a cooperative business also own and operate the company.
While there are similarities, cooperatives are not nonprofits; the profits do benefit the member-owners. There are many benefits to cooperative businesses, such as lower costs for items if you are part of the cooperative. There are many cooperative businesses that offer their services to non-members as well, but may have membership options that have various perks.
A very large, commonly known cooperative business is REI. REI is a specialty outdoor retailer and is the largest consumer co-op. REI is owned by its members. It offers memberships that cost $20, which include various perks and help to run the business.
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