Cooperative Society
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Lombard - Gun.az
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Lombard - Gun.az
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Cooperative Society is a form of business established to meet the material and social interests of its members. Here, people come together to establish a joint business activity and earn income collectively. Members have equal rights in the management of the society and the distribution of income. According to Azerbaijani legislation, the main purpose of Cooperative Societies is to provide economic support to their members. These societies can operate in agriculture, consumer, service, and other sectors. Cooperative Societies are usually established on the basis of open membership, and each member participates with their own share.
