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Contribution to Book
Cooperatives
Survey of Social Science: Economics Series
  • Ron Deiter, Iowa State University
Document Type
Book Chapter
Publication Version
Published Version
Publication Date
1-1-1991
Editors
Frank N. Magill and Demos Vardiabasis
Publisher
Salem Press
Place of Publication
Pasadena, California
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
Citation Information
Ron Deiter. "Cooperatives" Survey of Social Science: Economics Series Vol. 1 (1991) p. 409 - 413
Available at: http://works.bepress.com/ronald-deiter/10/