A cooperative differs from a corporation in that it has members, not shareholders, and they share decision-making authority. Cooperatives are typically classified as either consumer cooperatives or worker cooperatives. Cooperatives are fundamental to the ideology of economic democracy. Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business.

• Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business.
• Include information on your ideal customer, how you plan to position your offering, and your sales strategy.
• You’ll learn about writing a business plan, determining the legal structure of your business, and more.
• Nascar driver Ryan Ellis may not be a name people recognize.

The modern field was established by …