Due to the increasing numbers of retiring business owners and the lack of succession plans in place, there is a serious possibility of large-scale small and medium-sized business (SME) closures.
Some owners seek to transfer the business to family while others look to sell privately, however, there is a third little-known option known as business conversions to cooperatives (BCCs).
The CoopConvert project surveyed Canadian SME business owners and determined the majority are not positioned for succession planning. This lack of preparation combined with the unfamiliar cooperative model provides a tremendous opportunity for BCCs.
CoActive aims to promote and support the creation of more Employee-Owned businesses in B.C. We know that broad-based employee ownership leads to stronger and fairer economies. Employee-owned companies have been proven to keep jobs in local communities at a higher rate, are much less likely to default on their debt, and are more resilient in economic downturns.
Company Details
- Employees
- 3
- Founded
- 2022
- Address
- Vancouver, Bc, Ca
- Industry
- Business Consulting And Services
- NAICS
-
Management, Scientific, and Technical Consulting ServicesManagement Consulting ServicesOther Scientific and Technical Consulting ServicesOther Management Consulting Services
- Website
- http://coactive.ca
- Keywords
- Cooperative Development, Business Succession, Business Planning, Financing, Feasibility Analysis, Business Development, Succession Planning, Cooperative Governance, Cooperative Incorporation, Business Support, Collaboration.
- HQ
- Vancouver, BC
- Competitors
- Coast Car Co-op, Garrity Tools, Virginia Tech Department of Political Science & Program in International Studies, Arise Architects Co-operative, Virginia Cooperative Extension, CanTrust Hosting Co-op, Big Dog Computing, Community Capital Solutions Co-op, Ekobius International, THINK ELECTRIC WORKER CO-OP.
Coactive Developments Worker Cooperative Questions
Coactive Developments Worker Cooperative's website is http://coactive.ca
Coactive Developments Worker Cooperative's LinkedIn profile is https://ca.linkedin.com/company/coactive-developments
Coactive Developments Worker Cooperative has
3 employees.
View email and phone details for 3
employees at Coactive Developments Worker Cooperative.
Coactive Developments Worker Cooperative's industry is
Business Consulting and Services
Coactive Developments Worker Cooperative's top competitors are
Coast Car Co-Op,
Garrity Tools,
Virginia Tech Department Of Political Science & Program In International Studies,
Arise Architects Co-Operative,
Virginia Cooperative Extension,
Cantrust Hosting Co-Op,
Big Dog Computing,
Community Capital Solutions Co-Op,
Ekobius International,
Think Electric Worker Co-Op.
Coactive Developments Worker Cooperative's categories are Business Consulting and Services
Coactive Developments Worker Cooperative's founding year is 2022
