• How would you actually become a business?

Integral to this plan is the Articles of Incorporation template that is intended to be filed with the co-op’s state as the “constitution” defining what the company is and why it exists. In the AoI I specify equity controls and governance, as well as additional protections from oligarchical takeovers. Here’s an outline, I’ve included a few notes that aren’t spelled out explicitly in the AoI:

• Anti-Oligarchy: Individual contributors only, limits on stock purchases, no speculation
• Democratic governance: General Conference elects officers to the Board of Directors
• Opposing Incentives: President’s bonus based on payroll/equity, CEO’s bonus based on business surplus

Read the Articles of Incorporation template.