Resources for Worker Cooperative Conversions

What's a worker cooperative conversion? It's when you start with a traditional business. There's a pyramid. The boss is at the top. Managers are in the middle. Workers are at the bottom. Orders flow down the pyramid to the workers. Then, the workers buy the business. They put themselves in control. Orders no longer flow down the pyramid. Instead, workers make decisions together, do work together, and handle conflicts together. These are resources about worker cooperative conversions!

Legal Guide to Cooperative Conversions: A Business Owner's Legal Guide to Cooperative Conversion Including Conversion Models, Case Studies, and Sample DocumentsThe Legal Guide to Cooperative Conversions was originally written with business owners and attorneys in mind. It is being revised and expanded. This revision will include content designed for workers as well. The new guide will be released in 2021.

This library (coming soon!) contains forms that workers might use to collectively purchase a business and convert it into a worker co-op. It also contains forms business owners can use.

 

Workers need to know that worker co-op conversion is an option. Ideally, they need to know before a business is for sale.

Labor unions, worker centers, and political organizations can hand out this pamphlet (coming soon!) to inform workers of this option. 

Resources for Housing Cooperative Conversions

What's a housing cooperative conversion? It's when you start with a traditional landlord-tenant relationship. There's a pyramid. The property owner is at the top. The property manager is in the middle. Tenants are at the bottom. Money flows up the pyramid to the owner, even after they have paid off the building. Tenants must rely on property managers for repairs. Then, the tenants buy the apartment building. Often, they have help from a community land trust. They put themselves in control. Money stops flowing up the pyramid. Once they pay off the property, rent can go down. They have control over the community land trust, which acts as a property manager. The tenants make decisions together, do some work together to lower costs, and handle conflicts together. These are resources about housing cooperative conversions!

This legal guide will help community land trusts and tenants, and their attorneys, buy buildings and convert them into housing co-ops. It will also contain content relevant to building owners. This guide will be released in 2021.

This library (coming soon!) contains forms that tenants and community land trusts might use to collectively purchase a building and convert it into a housing co-op. It also contains forms building owners can use.

Tenants need to know that housing cooperative conversion is an option. Ideally, they need to know before a building is for sale.

Tenant unions and community land trusts can hand out this pamphlet (coming soon!) to inform tenants of this options.

 

Thanks to our Partners and Collaborators: