Co-operatives: Formation meeting

Before registering a co-operative, a formation meeting needs to be held with all persons that are interested in establishing the co-operative.

  • The Chairperson outlines the aims and objectives of the proposed co-operative
  • The Chairperson answers all the arising questions
  • The Chairperson invites everyone to join
  • Those interested should be given an application form for Membership to complete
  • The persons that have completed the above-mentioned application form decide how many persons will be required to manage the co-operative
  • The members will then elect the board of directors (the board of directors will be the management or steering committee of the co-operative)

 Also discuss and agree on the following:

  • The Objectives (exactly what the co-operative will do)
  • The equipment, premises and other materials needed by the enterprise
  • Where will the premises (co-operative office) be located
  • How will the co-operative be financed? How will the funds be obtained?
  • Draw-up an initial business plan
  • Choose a name for the co-operative (propose and choose alternative names).

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