A co-op is an independent group of persons who volunteer to meet their common economic, social, and cultural needs through a jointly-owned and democratically-controlled enterprise. It is a business organization owned and operated by a group of individuals for their mutual benefit. A cooperative may also be defined as a business owned and operated equally by the people who use its resources.
. There are many types of cooperatives. For the advantages and disadvantages of cooperatives, follow this link to see an artist co-op: http://www.redimat.com/articles/artist_cooperatives.html