If we fail financially, our personal liability for debts is limited to just the share value we paid. Limited: TABLEFLIP is a separate entity from it's employees. (all very much TBC, but that's the gist). We currently have n shares equally split between and We paid £1 per share into the business when the company was set up. Shares: Ownership of the company is split between the share holders. Our legal form is a "Company Limited by Shares". TABLEFLIP is a "Private Limited Company" registered at Companies House on the 4th September 2013 as "TABLEFLIP LIMITED", company number 8675539. Instead co-ops choose a basic legal form, then define themselves as a co-op by what’s in their constitution. In the UK there is no legal form especially designed from scratch for co-ops. The "company" and the "co-op" are different things.
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Ideally, by looking after the people who are in it, it will free up time and headspace for them to go help others. To give us just enough structure and support to do good work without burning out, or having to do too much work of dubious value, just to pay the bills. By agreeing how we share the workload and profits we can balance our time between client work and less financially profitable ideas, that could have a much wider benefit.īy agreeing how we handle quiet times where the bank balance dwindles, we can ride it out as a team, sharing the resources fairly, until good times return, or, after working with a crew of good people that can all learn something from each other, we decide to pack it in and go do something else, with more ideas in our heads.įrom my point of view the purpose of TABLEFLIP becomes one of protecting the people in it from the rougher edges of freelancing.
We benefit from being a co-op by committing to the idea that we all get a say in how we work together.
TABLEFLIP is a group who create good code, and support the community through a commitment to open source ideas, education, and meet-ups.
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How to set up a Workers Co-op: Fourth Edition - Summer 2015 It’s organised democratically and fairly by (and only by) its members. What is a workers cooperative?Ī business owned and managed collectively by its workers for their mutual benefit. TLDR Īn "Employee owned, fully mutual, workers co-op, in co-ownership" trading as a "Company Limited by Shares". It is a living document, thoughts and constructive feedback is encouraged. What follows is an outline of how and why we'd establish TABLEFLIP as a workers co-operative, and what that might look like.
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