Wed, 8 February 2017
FSFS85: Why Microgreen Grower Chris Thoreau Set Up A Co-Operative Business Structure for his Micro Urban Farm
When you start your farm business, one think that you need to think about is your business structure.
Sole proprietorships and LLCs are common ways to go, but there are also other options, like co-operatives...
That's how farmer Chris Thoreau of Food Pedalers structure his business, and that's the subject of today's show...
Today I'm going up to Vancouver to talk to microgreen farmer Chris Thoreau about a topic that you don't hear discussed a lot in small scale farming circles - how he organized his business..
Chris initially started his business as a sole proprietor, but as he began to grow, both in the size of the business and the amount of people working in the business, he realized he needed to change that.
After looking at all of the options, Chris decided that he wanted to do something different, something that went more against the status quo, and something that was equitable for everyone involved - so Chris organized his business as a co-operative.
It's an interesting business structure and it's one that most people wouldn't think of when organizing their business.
If your business is growing, or if you are thinking about expanding your team, then a coop structure might make sense for you...
Today Chris will talk about why he chose that structure, the advantages and disadvantages of it, and what it takes to have a successful member-owner business.Learn more at www.permaculturevoices.com/farmsmallfarmsmart
Support the show at www.permaculturevoices.com/support