Name Protection: Your specific cooperative name cannot be registered by other businesses, adding a layer of brand protection. Shared Liability: A cooperative is a separate legal entity from its members, sharing the liability among all members. Members are not individually liable for the cooperative’s debts. Perpetual Life: A cooperative can continue to exist beyond the lifespan of its founders; Membership can change hands. Attracting Members: Cooperatives are appealing due to shared ownership and democratic decision-making processes. Members are attracted by the benefits and services provided by the cooperative. Tax Advantages: Cooperatives often have access to tax advantages and may distribute surplus revenues (income over expenses and investment) to members on a proportional basis. Access to Capital: Cooperatives can raise capital through membership fees and member investment. Credibility: Incorporating as a cooperative can boost credibility in the eyes of partners and customers due to its democratic and ethical business model. Separate Credit Rating: Regardless of a member’s personal credit scores, cooperatives acquire their own credit rating, and may find it easier to obtain cooperative credit.