How To Convert a Business into a Worker-Owned Cooperative

Melissa Hoover, executive director of the Democracy at Work Institute (DAWI), says that coop conversions are one of the most promising sources of new cooperatives as they already have customers, assets and employees, which makes it less risky than a startup. She also notes that those coops created from conversions are among the most passionate members of the U.S. Federation of Worker Cooperatives.

“They’re the most engaged and the most attentive to the cooperative forum, principles and movement building,” she says. “I speculate that’s because...to change something into a cooperative structure, they had to educate themselves about what that meant and connect themselves to movement organizations, models and peers.”

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