🕒 7-Minute Read If you’ve ever been in a group trying to decide something big—what to spend money on, how to grow, when to stop and reassess—you know it can get messy fast. Now imagine that group is the business. That’s how things work in a worker cooperative: the people who do the work also …
Jacqueline Radebaugh
BOIR Reporting is Back, with deadline extension
Dear Clients, We want to alert you to a significant development regarding Beneficial Ownership Information (BOI) reporting under the Corporate Transparency Act (CTA): BOI Reporting Deadlines Extended to January 13, 2025: Despite earlier legislative proposals to extend the deadline for existing reporting companies to January 1, 2026, Congress did not include this extension in the …
Factors for a Successful Business Succession through Worker Ownership
For a few years now, we have been hearing about the approach of a “silver tsunami.” For those unfamiliar with the term, it refers to the demographic phenomenon of an aging population, associated mostly with the large wave of retirement that the baby boomer generation is about to go through. With small businesses employing roughly …
When is it okay to use a personal email for business purposes?
In the past few months, I’ve received a number of emails from clients’ employees using their personal email addresses. As business attorneys, the vast majority of our clients are business entities; our clients often indicate a person or a number of people who will communicate with me and our attorneys when the client seeks legal …
Cooperatives: the fulfilment of big tech’s empty promises
I often wonder if DAOs are really different from Big Tech. I believe they can be, but that must be an intentional choice. I hope to tell you how DAOs can be different from Big Tech. Big Tech companies have revolutionized the way we live our lives, from the way we communicate with each other …
PATHWAYS TO PURPOSE DRIVEN LEGAL PRACTICE – JACQUELINE’S JOURNEY
Like many of my colleagues in transactional practice who focus on the social enterprise spectrum, the path to my current role was not a straight line. It has however been very true to what I believe in: integrity, justice and fairness, and service to others. I hope this personal post gives you some insight on …
What is the legal treatment of payments to DAO contributors?
If you have been active on Twitter this past year, you probably came across a reference to DAOs and maybe you saw statistics about developers and other folks quitting their jobs to become full-time web3 and DAO contributors. In my work, I have received many questions about DAOs’ legal status and distributions of tokens, and …
Revised Ohio LLC Act – Important changes coming up
Last year, Ohio revised its Revised Code (“ORC”) to update many provisions concerning the Limited Liability Company Act (the “Act”). The Act replaces the Chapter 1705 of the ORC with Chapter 1706. The new provisions will apply to both new and old LLCs and it will govern domestic and foreign LLCs formed before and after …
DAO meets cooperative: Mensiversary of the Wyoming DAO law
In the next few weeks, my colleague Yev Muchnik and I will be posting some of our thoughts on legal aspects of DAOs. Yev has been in the blockchain world for a long time and is a renowned expert in the subject. Providing legal support to cooperatives and social enterprises adopting democratic governance is a …
The Department of Labor “new” final rule for gig workers
On May 5th, the U.S. Department of Labor (DOL) announced the withdrawal of the “Independent Contractor Rule” which had been adopted by the Trump administration. The rule was expected to be effective on March 8, 2021, but a presidential memo, dated January 20, 2021, has postponed it for two weeks and is expected to open …
