Guildford Co-op

Frequently Asked Questions

​

1. What is the Guildford Coop mission?

To buy the Guildford General Store, reopen it and keep it as a General Store into the foreseeable future.

​

2. How will the Coop be managed?

An elected Board of Directors (BOD), will ensure that our mission statement is adhered to, and oversee the broader general requirements of the store (eg. large repairs and replacements). They will also report back to the shareholders on the financials of the business at the annual general meeting. The BOD will hire a manager to run the day to day business of the General Store and report to the board every quarter.

​

3. What is a distributing Co-op?

A co-operative can distribute part of its surplus to members by way of dividends. This will be decided upon by the Board of directors at the end of each financial year.

​

4. What is the maximum number of shares one member can buy?

The legal maximum is twenty percent of all the shares. (approximately 30-40 shares)

 

5. Can a group of people jointly buy a share?

Yes, but the group only gets one vote. 

​

6. Do the $5000 shares increase in value?

No. They always stay the same price.

​

7. What if I want to leave the co-op?

You can advise the BOD that you would like to cash in your share - The co-op will be required to return your share value to you.

​

8. Do you have to be local to Guildford to buy a share?

No, shares are open Australia wide as long as share holders and members and can meet membership criteria. 

​

9. How do I become a member?

We are finalising our membership conditions at the moment and we will update the website once it is finalised. Please be patient while we work these things out, we are in the very early stages of this process but working hard to get these things done as soon as possible.

​

10. What is the membership criteria?

We are working on this criteria and will update soon.

​

​

Any other questions please get in touch via the contact form

or email guildfordcoop@gmail.com