Topic: entity-type

• What a 308B cooperative is, for city and county staff local-government

  A 308B cooperative is a business entity chartered by filing articles with the Secretary of State, owned and controlled by its members, run by a board, and shielded from member liability.

• Is a Minnesota 308B cooperative a nonprofit? faq

  Chapter 308B does not label cooperatives nonprofit or for-profit; its patron and nonpatron financial rights and patronage allocations are what set it apart, and tax status is a separate question.