Title

Cooperatives

Campus Units

Economics

Document Type

Book Chapter

Publication Version

Published Version

Publication Date

1991

Journal or Book Title

Survey of Social Science: Economics Series

Volume

1

Editors

Frank N. Magill and Demos Vardiabasis

Publisher

Salem Press

Place of Publication

Pasadena, California

First Page or Article ID Number

409

Last Page

413

Abstract

Business organizations can be of three different types: sole proprietorship, partnership, or corporation. A sole proprietorship is a business that is owned by one individual. A partnership is an unincorporated business that is owned by two or more people. A corporation is a legal entity, or artificial "person" that , by enabling laws, is endowed with all the powers, rights, liabilities, and duties of an individual. A cooperative is a special kind of business organization that is owned by and operated for the customers or patrons who do business with that organization. Most cooperative business organizations are incorporated businesses. As a result, there are two types of corporations--those that are investor-owned and those that are customer-owned (cooperatives).

Comments

This is a chapter from Survey of Social Science: Economics Series 1 (1991): 409. Used by permission of EBSCO Information Services.

Copyright Owner

Salem Press, Inc.

Language

en

File Format

application/pdf

Share

COinS