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ACCA F1 Organisations, Types of Organisation and Functional Structure
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hie, do cooperatives need to be registered?
Legal structure is not the same as ownership model, and cooperatives can be based on a variety of different legal structures. For example, the flexibility and safety of the limited company structure means it is possible for companies to operate a mutual ownership model (in which case they have to be registered with the government department). But it is also true that, for example, partnerships are essentially mutual – the partners own and run the business for their own benefit. Then, there would normally be some type of agreement between the participants and the venture would have to notify the tax authorities, but no other registration is needed.
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