Diana Young Professional Corporation

Barristers, Solicitors, & Notary Public


A co-operative is a business relation organized by individuals with similar needs to provide goods or services, or to make joint use of their available resources to make profit. Their business structure ensures:

  1. All members have an equal control (one vote per member, regardless of the number of shares held);
  2. Open and voluntary membership;
  3. Limited interest on share capital;
  4. Surplus is returned to members according to amount of contribution.

There is no requirement to incorporate as a co-operative in order to run your business collectively and cooperatively. However, it is illegal in Ontario to use the word "co-operative" in connection with the name of a business unless the relation of members in the group is incorporated under the Co-operative Corporations Act.

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