What is a cooperative? A cooperative is a business that is owned by its members. The members of 40 Square enjoy benefits and services the co-op offers through their purchase of voting stock and common stock. The cooperative will be governed by a board of directors elected by members. The 40 Square Consortium Health Plan will be governed by a separate board of directors, elected by members, as required by law.
To be a member of 40 Square you must meet certain criteria. You must be an employer* who:
Actively works in production Agriculture in Minnesota and;
Files either Form 1065 or Schedule F with your income tax return
*In order to participate in the 40 Square Consortium Health Plan, an employer must have at least one common law employee.