Cooperative Business Organizations
In the economic times that we find ourselves operating in, most businesses are dealing with decreases in revenue, increases in operating costs and increasing financial pressures put on them by their financial institutions. One overlooked alternative to assist in controlling costs and purchasing function is the cooperative business organization. These organizations are common in the retail, food service, healthcare, financial services, manufacturing and agricultural industries. A cooperative is a business or organization owned by and operated for the benefit of those using the services. The earnings generated by the cooperative are then distributed among the members through patronage dividends.
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With waning trends in consumer confidence, an increase in international and domestic competition with added government regulations and market saturation, the consumer product industry is seeing slim profit margins and market share. With these challenges you and your company face in the industry marketplace, it is important to have a partner who understands your needs and can provide personalized, client service and solutions. Beyond traditional accounting, auditing and tax services, at WithumSmith+Brown, PC (WS+B), our clients know our business goal is to put their company in a position of strength. Learn More About Our Services.