A co-operative is a corporation organized and controlled by its members, who pool resources to provide themselves and their patrons with goods, services, or other benefits. A cooperative business structure provides:
- Democratic control based on one member one vote.
- Open and voluntary membership.
- Patronage dividends.
A co-operative is identified by the use of the words “Co-operative” and either of “Limited”, or “Ltd”, which must be included in the corporate name in all business transactions. Co-operatives are categorized under three different acts:
- The Co-operatives Act, 1996 is provincial legislation that applies to all co-operatives in Saskatchewan, with exception to new generation co-operatives;
- The Canada Co-operatives Act provides for federal incorporation of co-operatives operating in at least two jurisdictions. These particular co-operatives must register under the Co-operatives Act, 1996.
New Generation Co-operative
The New Generation Co-operatives Act provides for the creation of a new kind of co-operative that:
- Produces, processes or markets agricultural products; and/or
- provides services to persons engaged in producing, processing or marketing agricultural products.
Other types of permitted businesses may be added by regulation.
Unlike traditional co-operatives, these co-operatives can restrict membership.The New Generation Co-operatives Act
provides for the creation of a new kind of co-operative that:
- produces, processes or markets agricultural products; and/or
- provides services to persons engaged in those undertakings.
New generation co-operatives name reservations and incorporations may be easily completed via our Corporate Registry Application.
Co-operatives name reservations and incorporations may be easily completed via our Corporate Registry Application.
Have you decided your business type?
Go to Step 2: Reserve a Name