Professional Service Cooperatives
Establishing cooperative structures for professionally licensed businesses often requires navigating complex regulations around who can own and profit from it.
Worker self-direction (a model for internal cooperation)
In a worker self-directed model, we draft bylaws that give staff members a voice in decisions about workplace conditions and operations while allowing licensed professionals to focus on serving their clients. We ensure that these bylaws comply with your profession's specific laws and regulations.
Management Services Organizations (a model for cooperation between practices)
A Management Services Organization (MSO) is an entity that provides administrative services to multiple businesses, nonprofits, or cooperatives. Using this model, professionally licensed businesses can offload administrative tasks to the MSO and focus on their professional services.
A cooperatively owned MSO is a variation of the MSO model that provides professional practices the opportunity to come together and form their own MSO, hiring administrators to provide services to all of the participating practices. Following in the footsteps of agricultural and electric consumer cooperatives, this model allows professional practices to share resources and achieve economies of scale. It also allows professionals to provide administrators with a path towards full worker-ownership.
Services offered:
Preparation and planning: We meet you where you are and guide you through the process of forming your cooperative structures.
Compliance: We analyze the laws, regulations, and rules affecting your profession to ensure your business remains in compliance.
Business formation: We handle the drafting and filing of founding documents to ensure compliance with local, state, and federal regulations.
Establishing governance: We help members adopt bylaws, outlining decision-making processes and profit distribution to create a sustainable governance model.