A cooperative may not be established without seven members or more.

The founder of a cooperative shall call an inaugural meeting to adopt the bylaw, elect directors and supervisors, and organize a meeting of cooperative affairs. The founder shall also submit the minutes of the inaugural meeting, the bylaw, and the roster of the members within one month to the local competent authority for establishment registration.
The following particulars shall be registered:
1. Name;
2. Scope of business;
3. Liability;
4. Address;
5. Name, sex/gender, age, place of birth, position, and dwelling address of the directors and the supervisors;
6. Payment method of the share of cooperatives;
7. Shares of cooperatives subscribed and the amount already paid by each member and associate member;
8. Regulations on the membership qualifications, their entry, withdrawal, and dismissal as well as the associate membership;
9. Regulations on the operation of the cooperative affairs as well as staff appointment and removal;
10. Members of guaranteed liability cooperatives and their guarantee amounts;
11. Regulations on surplus allocation and deficit sharing;
12. Regulations on reserves and public welfare fund;
13. Causes for dissolution, if defined.
In case of alteration of the particulars set forth in the preceding paragraph except for the age, place of birth, and position listed in subparagraph 5 and the particulars listed in subparagraph 7, registration of the alteration shall be completed within one month. Prior to such registration, the altered particulars must not be used to act against any bona fides third party.
The cooperative bylaw may be amended only with the resolution of general meeting of members, and written proceedings of the meeting shall be submitted within one month of the resolutions to the competent authority for registration of the amendment.

The cooperative bylaw shall include the following contents:
1. Name;
2. Liability;
3. Address;
4. Organizational area;
5. Type of business operations;
6. The total amount of shares and regulations on the payment or refund thereof;
7. Guarantee amounts for members of guaranteed liability cooperatives;
8. Rights and obligations of its members and associate members;
9. Quota, authority, and tenure of the staff;
10. Starting and terminating date of a business year;
11. Regulations on surplus allocation and deficit sharing;
12. Regulations on the reserves and public welfare fund;
13. Regulations on the qualifications of membership and associate membership, their entry, withdrawal and dismissal;
14. Regulations on implementation of cooperatives affairs as well as appointment and removal of directors and supervisors;
15. The period of existence or causes of dissolution, if defined;
16. Handling of other cooperative affairs.

Upon receipt of an application submitted under Article 9, the regulating authority shall determine to approve or reject it within fifteen days.

After being established, a cooperative shall start its business within six months. However, in case of natural disaster or force majeure, application may be submitted to the competent authority for postponement.

A cooperative may establish branches where necessary, but shall, within one month after a branch is established, report to the competent authority for future reference.