Are you under the impression that private business owners have to cover losses…? Like that’s what a LLC is, a limited liability company. If it goes bankrupt the private owners are only liable for a part of it.
If a private business owners goes bankrupt, he just has to, gasp, find a job.
If a worker loses their job they might go fucking homeless.
I think what he’s getting at is you lose both your job and your shares (which are presumably part of your retirement) if the co-op goes tits up. It’s more risk.
Are you under the impression that private business owners have to cover losses…? Like that’s what a LLC is, a limited liability company. If it goes bankrupt the private owners are only liable for a part of it.
If a private business owners goes bankrupt, he just has to, gasp, find a job.
If a worker loses their job they might go fucking homeless.
I think what he’s getting at is you lose both your job and your shares (which are presumably part of your retirement) if the co-op goes tits up. It’s more risk.
What about not reaching bankruptcy level, but just funding losses for a bit, or funding expansion into new locations, equipment, etc