A Tim Perspective:
What is in a name? The name on our “birth certificate,” aka articles of incorporation is The Little Grill Cooperative. In Virginia, and many other states, the use of the word “cooperative” in a business name is restricted to those entities that will file for single tax treatment with the IRS under cooperative tax law. Perhaps more importantly, the word cooperative inculcates the seven cooperative principles.
The most important of those principles to the Grill are:
* democratic control by the members
* one member one vote
* allocation of resource reserves based on the members transactions with the cooperative
Yesterday, I spent the $13 and 5 minutes at the county courthouse in the deed room filing the fictitious name registration “The Little Grill Collective” on behalf of the Little Grill Cooperative.
After getting the stroller (a 30-pounds-of-welded-steel-tubing tandem stroller that looks more like a giant tricycle) through the metal detector, and after receiving our complimentary deputy sheriff stickers for my kids, Mello and Bird, we made our way to the deed room.