This is a new concept to me and it's taken quite a bit of research to understand the different approaches. A coop works when a group of artists come together
- to form a legal entity like a Limited Liability Corporation (LLC)
- elect a board to establish operating parameters such as how artists are juried in, define volunteer duties, and generally, establish gallery rules
- determine the percentage cost per member for running the gallery
- determine the percentage split per sale for the artist and the gallery
- write the contracts for membership
I'm also considering selling the business as a complete turnkey operation.
If you're interested in either of these concepts, please let me know.
You can call me at the gallery (480-503-2255) or email me (maryellen@gallery225az.com).
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