2025 has been designated the “International Year of Cooperatives” by the United Nations, and our firm is committed to educating the public and the business community about how cooperatives can create more equitable, inclusive, and sustainable economic opportunities. So why are cooperatives increasingly recognized as a powerful vehicle for building economic justice and a better …
Linda Phillips
The Wonderful World of Cooperatives, Part 2 – Types of Cooperatives
In the Part 1 blog post, we talked about the various definitions of cooperatives and the structural, operational and philosophical components of a cooperative business. This blog will talk about the different types of cooperatives, based on the needs of the members when the entity is formed. Cooperatives can be created that are tailor-made for …
Gallun Snow – an Employee Ownership Conversion Success Story
Gallun Snow – an Employee Ownership Conversion Success Story Gallun Snow Associates, Inc. is a professional commercial design firm located in Denver, Colorado. In 2019, the four owners contacted Jason Wiener PC to help them structure and then implement a conversion to an employee-owned company, worker cooperative. Members of JWPC met and discussed options with …
The Wonderful World of Cooperatives, Part 1 – What is a Cooperative?
This is the first part of a multi-part series on cooperatives: what they are, the many different kinds of coops, their possible legal structures, and much more. So stay tuned for future articles about the wonderful world of cooperatives. This first article will look at the “definition” of cooperatives and how that definition is affected …
CORPORATE TRANSPARENCY ACT It’s Time to Report Part 3: The FORM
This is Part 3 of a 3-Part series (Part 1: It’s Time to Get Prepared & Part 2: FAQs) of information we are sending to our small business clients regarding the Corporate Transparency Act (CTA) and its impact on millions of small businesses. The CTA was passed by Congress a couple of years ago and …
CORPORATE TRANSPARENCY ACT: It’s Time to Get Prepared Part 2 – FAQs
This is Part 2 of a 3-Part series (Part 1: It’s Time to Get Prepared & Part 3: The Form) of information we are sending to our small business clients regarding the Corporate Transparency Act (CTA) and its impact on millions of small businesses. The CTA was passed by Congress a couple of years ago …
CORPORATE TRANSPARENCY ACT: It’s Time to Get Prepared
This is Part 1 of a 3-Part series (Part 2: FAQs & Part 3: The Form) of information we are sending out to our small business clients regarding the Corporate Transparency Act (CTA) and its impact on millions of small businesses. The CTA was passed by Congress a couple of years ago and the government …
Commercial Leasing for A Small Business
Are you looking to renew or enter into a new lease for commercial space for your business. Before talking to the landlord, you should have a good idea of what is expected from you and what you can expect from them. Commercial leases are contracts, enforceable by and against both parties in court or via …
Patrons, Patronizing, Patronage Dividend
These are all terms used in the cooperative business community and sometimes their meanings are unclear or jumbled. This blog will discuss the definitions of these terms with examples of how they are used by different types of cooperatives. A patron patronizes a cooperative and receives a patronage dividend at the end of the year. …
Updated Section 1042 Tax Benefits
There is a section of the Internal Revenue Code (IRC) that provides some tax benefits for people who sell their companies to either an ESOP or to a worker cooperative. This blog will explain how 1042 provides tax advantages when selling to a cooperative. If you are thinking of becoming employee-owned or selling your business to …
