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Linda Phillips

Use of the term “Cooperative”

Edited June 26th, 2020: An earlier version of this blog post implied that only organizations incorporated as cooperatives under Massachusetts law may use the word “cooperative.” This post has been edited to accurately reflect that other businesses may use the term if they distribute earnings consistent with cooperative law. Entity formation is often the first …

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Business Plan Outline

Overview/Executive Summary: can be one paragraph or more extensive as needed. Description of the Business: purpose, goals, objectives. Products/Services: What will the business be providing to its members and/or to the public? Consider whether this is different in the short term versus the long term. The Market: Who are the potential customers, including, demographics (type …

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Do I need a business plan?

Here at Jason Wiener PC, we get asked all the time about the process for starting a new business or converting to a different form of business.  One of the first questions we ask any client is “Do you have a business plan?” I would estimate that six or seven times out of 10, the …

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Giving Employees the Right Vacation Time

Are you following Colorado law when it comes to paying for vacation time when an employee leaves your company? What if you lump together vacation time, sick time and other time off into “Paid Time Off” (PTO)? What follows is a discussion of whether your current employee policies regarding PTO are following Colorado law, especially …

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