Joining a work cooperative is an option that we sometimes overlook due to a lack of knowledge of what it means.
A cooperative is an entity in which a number of people come together to carry out a business project.
The cooperative is a jointly owned company, since the capital belongs to the workers. However, the liability of the members is limited.
In the event of bankruptcy, the members will only be liable for their contributions to the share capital, not for their personal assets.
Obligations of partners
The partners of a cooperative can phone number hong kong be of two types: collaborating partners and working partners .
Collaborating partners may be individuals or legal entities, public or private, and joint property owners. They do not participate in the activity that constitutes the corporate purpose. Their contribution may not exceed 45% of the capital and their combined votes may not exceed 30% of the total.
The working partners will be exclusively physical personnel and will receive for their work a remuneration never less than the Interprofessional Minimum Wage .
A working member may become a collaborating member if he or she ceases to carry out his or her activity in the cooperative. A working member may be expelled for disciplinary reasons.
Working partners receive work income from the entity , although they may contribute to the special regime for self-employed workers if they opt for it in their bylaws.