Bylaws of Pressed Together (temporary)
These bylaws are an AI-generated starting point produced by LeanCoop. They are not legal advice and are explicitly intended to be ratified, amended, or replaced by the founding members at the first member convention.
Article I — Name & Purpose
The cooperative shall be known as Pressed Together. Its purpose is to advance the economic interests of independent juice bar owners through cooperative purchasing, shared services, and member-owned governance.
Article II — Membership
Membership is open to any owner-operator of an independent juice bar located in the United States who agrees to abide by the bylaws and pays the founding member contribution of $500. Each member shall hold one membership share and one vote, regardless of patronage volume.
Article III — Governance
The cooperative shall be governed by a Board of Directors elected by and from the membership. The initial Board shall consist of five (5) seats, elected at the first member meeting following incorporation.
Article IV — Patronage & Surplus
Net surplus from cooperative operations shall be allocated to members based on patronage with the cooperative during the fiscal year, after a reasonable reserve set aside by the Board.
Article V — Amendment
These bylaws are explicitly drafted as a starting point. They shall be ratified, amended, or replaced at the first founding member convention, to be called once 20 founding member commitments are received.