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You’ve done the work – you’ve educated yourself about co-ops, decided it’s the right business structure for you, and you’re ready to reach out to advisors and partners who can help you get a co-op started.
Unfortunately, business advisors, lenders, and other partners you reach out to may not be familiar with the co-op model – or worse, they might have long-held misconceptions about it. This can be frustrating and even prevent your co-op from moving forward.
But you can prepare yourself for this by getting familiar with some misconceptions people may have about co-ops, so you can help debunk them. Here are three common ones we’ve encountered:
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