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Cooperative

Cooperative

is a production company, acquisition, use or share credit free and democratic society, formed by people pursuing a common objective economic and social development where the participation of each partner, the benefit is determined by the work incorporated into the common goal and not by the amount of money you have contributed.
Cooperative, unlike public companies, is a society of people, not capital. It is based on the equal rights of its members in terms of social management. Moreover, cooperatives distribute their profits or surpluses depending on the activity undertaken by its partners in achieving common purpose. In contrast, in a commercial enterprise, the profit is distributed among the partners in proportion to the economic capital each contributed.

Steps to form a cooperative in Venezuela

Step 1: Remove
name reservation form in the Office Regional Superintendency, located on the premises of the State Authority INCE. to select the name of the cooperative and will consult with the National Superintendence of Cooperatives, if this name does not correspond to a cooperative and registered.
Step 2: After five (5) working days, the National Superintendency of Cooperatives, certify that the queried name does not belong to another union and authorize the latter to be registered under that name.
This statement should be withdrawn in Regional Offices of the Superintendent, located on the premises of the State Authority INCE. The reservation lasts 90 days. Step
3 : Since you have 90 days to perform the following procedures without losing the name reservation, the group of people gather and write the statutes that established include: the organizational structure of the cooperative, operational standards, supply partners, etc. (Art. 13 Leace).
Step 4: Once approved the Statute by partners, will attend the local junior record to be considered for registration and obtain the legal status of the cooperative.
is important to note that this service is free for all Junior records in the country.
Step 5: Send to the National Superintendence of Cooperatives within fifteen (15) working days, single copy of the registration of the cooperative including: full address, telephone numbers and names of key managers of the cooperative.
Note: Cooperatives whose activity corresponds to the provision of a public service, ask the agency for permission.
Step 6: Remove a period of ten (10) days of proof of registration of cooperatives in regional offices SUNACOOP

Types of Cooperatives

• Cooperative Work Associate or production cooperatives. Cooperative


• consumption.


• agricultural cooperatives. Cooperative


• communal land holding.


• savings and credit cooperative.


• Cooperative utilities.


• Housing Cooperative. Cooperative


• services.