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Basecoop Cooperative (in formation soon, Austria)

Basecoop is a cooperative orientated to the common good that supports a non-profit economy that offers healthy basic goods and services in harmony with the environment and nature to meet the basic needs of people and animals.

Purpose of the cooperative

a) Establishment and support of cooperatives (Basemarket) which are producers and internet order retailers and which act as franchisor and procurement wholesale cooperative for organic supermarkets:
- Only healthy, biological or biodegradable products without packaging or only in biodegradable packaging;
- Local producers of such products can supply their products for sale.
b) Efforts to eliminate producer and distributor of harmful, polluting, genetically modified and non-biodegradable products through participation and takeover or market suppression as well as by establishing alternatives that make such products unnecessary.
c) Research, development and establishment of alternatives to harmful and environmentally harmful infrastructure. Exemption of infrastructure, in particular monopolistic infrastructure owned by profit-oriented companies, through participation and takeover or market suppression, then repatriation to public ownership (region, municipality, non-profit companies, consumer cooperatives). Establishment of infrastructure where it does not exist yet.
d) Supporting companies that want to establish the best possible environmental protection and to pay attention to the needs and health of the people, morality and fairness in the best possible way.
e) Support for non-harmful and environmentally non-damaging energy self-sufficiency and the production of renewable energy and healthy light, as well as efforts to eliminate unhealthy and environmentally harmful energy and light generation.
f) Support for the non-emergence, prevention and elimination of non-biodegradable waste and other environmentally harmful wastes, effluents and waste gases.

Basecoop Ltd.

100% owned by SESEL - Society for the environment and socially equal life.
The company is registered in Ireland.

• The main purpose is to support the Basecoop cooperative to establish itself.
• Furthermore it supports the goals of the Basecoop cooperative.
• And it also supports the establishment of other cooperatives and non-profit entities.

Why no direct financial participation
The Cooperative Act in Austria provides for double liability on the part of the capital provider, which means that the capital provider can not only lose his share but must pay the same amount again if the cooperative goes bankrupt.
To avoid this, capital provider can pay to Basecoop Ltd. and at the most lose their share.
Basecoop Ltd. then has double liability as a capital provider of the cooperative, but at most with all of its assets.

Note: This is a provision of capital and not an investment.
With an investment, one expects the capital repayment as well as a return (profit).
When providing capital, one expects the capital repayment only with the aim of supporting a cause.

© 2020 All rights reserved. Basecoop Ltd., Dublin Ireland;