You would need to come up with an operating agreement that laid out the rules. Including what is the cost for the charter members. How does one leave the group? How one joins the group? How is the cost to join figured. How is the value figured if someone wants to leave. Maybe keep a certain amount in cash that would help cover the cost of someone leaving? Would the whole amount be paid or would the value be paid out over a period of time, what is the period of time be. What if more than one person decided they wanted to leave the group at once or near the same time. What would be sold to pay someone who wanted out. Who are the decision makers. How are they chosen? Who is going to manage the co-op? How is the profits divided? There are probably some operating agreements for other co-op type groups that could be used as a guide. There is also groups that advise an$ help set up various co-op type groups. It would be worth finding those organizations. Google “starting a co-op”. You may or may not find one exactly what you want but you might find similar ones. You will find some answers and also some questions from these groups but good information no less!
