Cooperative Ownership Petition for Worker Buyout

Transform Your Workplace with Worker Cooperative Ownership

Worker buyouts represent a powerful path toward economic democracy, giving employees direct ownership and control of their workplace. This Cooperative Ownership Petition for Worker Buyout template streamlines the process of gathering employee support, documenting transition plans, and preparing submissions to cooperative development offices and small business agencies.

Whether you're facing a business closure, retirement of current owners, or simply seeking a more equitable ownership structure, this petition form helps your worker group organize around a shared vision. It captures employee commitments, outlines your proposed business transition plan, and prepares documentation for cooperative technical assistance providers.

Perfect for:

• Employee groups organizing worker buyouts of existing businesses
• Cooperative developers supporting transitions to worker ownership
• Small business development centers assisting with conversion planning
• Union organizers exploring employee ownership alternatives
• Business consultants facilitating ownership transitions

The form collects essential information including employee commitment levels, transition timeline preferences, financing approaches, and governance structures. With built-in conditional logic, it adapts based on employee roles and investment capacity, ensuring you gather the right details from each participant.

Once submissions are collected, you can use Stepper to automate follow-up workflows—routing high-commitment employees to planning committees, scheduling informational sessions, or coordinating with cooperative development organizations. For formal commitment agreements, Papersign enables secure electronic signatures on employee pledge documents and cooperative membership agreements.

Paperform's calculation fields and conditional logic make it simple to track total employee participation rates, aggregate investment commitments, and identify workers interested in board service—critical metrics for feasibility assessments and lender applications. With over 3,000 integrations, you can connect submissions to your project management tools, CRM systems, or cooperative development databases.

Start building employee ownership and workplace democracy with a professional petition process that demonstrates worker commitment and organizational readiness.