The Baltimore Roundtable for Economic Democracy is leading an initiative in Maryland to create a statute for worker cooperatives, to provide worker cooperatives with necessary clarity and opportunity to manage their businesses.
Senate Bill 0085, which was introduced Feb 7, 2024, authorizes the formation of limited worker cooperative associations; establishing rules and procedures for the formation, governance, conversion, and dissolution of limited worker cooperative associations, addressing the need for clear guidelines for worker co-ops. There is currently confusion about how to incorporate, pay taxes, get loans, or run worker-owned businesses in compliance with state law; SB 0085 will provide clarity to entrepreneurs as well as the public and private organizations that support them.
