Worker Cooperative
/ˈwɜrkər koʊˈɑːpərətɪv/
Definitions
- (n.) A business entity owned and self-managed democratically by its workers, who share decision-making and profits.
The worker cooperative decided collectively on the company's expansion plans.
Forms
- worker cooperative
- worker cooperatives
Related terms
See also
Commentary
Worker cooperatives emphasize worker control and democratic governance, making clear definitions important to distinguish from other cooperative forms and traditional corporations.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.