Be very careful...
The workspace itself is just metadata in eclipse that points to your project folders. If the projects are not actually in the workspace directory, you aren't actually copying them, just references to them.
This can happen if you use "Import existing projects into workspace" that are folders in the file system without the "copy into workspace" checkbox checked, or if you create a project using an existing directory.
If you copy that workspace to a different machine, the projecs won't be there.
If you want to share projects, your best bet would be to use source/version control (subversion, for example) and have everyone hook up to the same repository.
Another note on the build paths -- if you have a java project reference an external jar, the absolute path of that jar is stored in the build path. This can be bad if other people who are sharing that project have the jar in a different location on their machine. If this happens, you should look into using Classpath variables or user libraries in eclipse.
Can you comment more on what you're attempting to do when you do the copy?