Five reasons to consider the LLC as the business form are addressed. The key point is that it represents the cooperation of an entire community as opposed to a subset of the community. This can also be stated as greater community involvement, which should equate to reduced risk in the pursuit of success. The entire community also represents a relative increase in diversity which is important in the decision making process. In addition, it creates the potential for additional resources in the form of capital and management experience.
Investors are owners with the right to contribute to the management of the operation.
This is not meant to imply that opening membership up to the local community will result in a better-managed operation but instead to suggest that not opening it up could mean missed opportunities. This task force will work to create additional value for agriculture products by improving the collaboration and cooperation along the respective borders of these states. Iowa hosted by Cooperative Development Services of Madison Wisconsin. The conference focused on New Generation Cooperatives and its business environment. Ten states and the District of Columbia were represented by the attendance.