Difference between a B-Corp vs. Farm Cooperative - Jillian Hishaw Esq.

Difference between a B-Corp vs. Farm Cooperative

land with cropsB-Corporation

B-Corporations are structured around factors beyond profitability and popularity. In this completely voluntary model, companies organize and run their businesses with a number of considerations including social, economic, and environmental impact (About B-Corps, 2021). Essentially, B-Corps are turning the traditional, capitalistic business model on its head by holding themselves to higher standards. The ideology can be summed up with a simple statement: a corporation can only prosper if all parties involved can similarly prosper. In other words, no one company or business can reap the benefits while exploiting people and/or the environment. Think of a B-Corp as having a basic, moral foundation for business beyond what is required by the federal government.

Cooperative Structure

Co-ops are structured in a way that bring together people who have the same needs. They are owned by customers or board members and work on a basis of a democracy— that is one voice, one member, one vote. Within a Co-op, there is an equitable contribution and control of capital. They do not accept investments from outside entities. In a Co-op, investors are considered those who use it. An individual (person or business entity) can become a member of a Co-op by satisfying membership requirements. Typically, this requirement includes an upfront investment (Cooperatives Overview, 2020).

Jillian Hishaw, is an Attorney and Author of “Don’t Bet the Farm on Medicaid” and Founder of Family Agriculture Resource Management Services (F.A.R.M.S.) an international non-profit that provides legal and technical services to small farmers located in rural communities.  Hishaw has helped numerous farmers save their land from foreclosure over the past 20 years of her profession. To learn more about Hishaw’s experience and to purchase her products and services please visit the products page.  Hishaw offers various service packages that can fit any budget.

To learn more about Jillian Hishaw please visit https://www.youtube.com/channel/UCEqI62mMxl3kCP54f5cltLg

Any and all information provided on this website is not legal advice but educational purposes only.