All corporations and cooperatives have some sort of democratic model for decision making. There are two major voting structures for all businesses. The first: “one share, one vote;” means that an investor gets one vote for each share of a company they own. The second: “one member, one vote;” means that each cooperative member or …
Tonya Price
Colorado adds New Law to Ratify Defective Corporate Actions
In March, Governor Polis signed a bill that codifies procedures for ratifying defective corporate actions into Colorado Law. Ratification statutes allow boards of directors to affirm corporate actions that were defective in some way. This type of statute has become a trend in state-level corporate law and brings Colorado in step with Delaware and many …
COVID-19: Collectivism in the Face of Crisis
I won’t soon forget the events of the past week. I watched the world around me completely change in the span of four days as the novel corona virus took hold in the U.S. We are now on track to follow the same path as Italy and it’s hard to grasp and process how much …
California Codifies Lessons Learned from #MeToo
On October 10th California Governor, Gavin Newsome signed bills AB9 and AB51 – both to increase protections for workers. Both bills were inspired by and are direct responses to the #MeToo movement. AB51 Bill AB51 prohibits employers from conditioning employment on acceptance of a mandatory arbitration agreement and retaliating against employees who choose not to …
The Race to the Top
It’s an exciting time for shared ownership. Today in Colorado, Governor Polis signed an executive order creating the Commission on Employee Ownership. Our team is obviously thrilled about what this could mean for shared ownership and unlocking its power to address economic inequality and stagnant wages. In recognition of the moves being made in Colorado, …
Private Placement Exemptions: The Basics
Looking to raise capital? Developing a compliance strategy with federal and state securities laws is a complex and important part of raising money. A quick intro for those of you unfamiliar with securities laws – under the Securities Act of 1933 (the “Act”) any offering of securities is subject to registration requirements and anti-fraud provisions. …
Colorado’s Digital Token Act Solidifies its Commitment to Innovative Business
Cryptocurrency, blockchain, tokens, consensus mechanisms, hashes, digital signatures, decentralized marketplaces – there is a whole new taxonomy being developed to govern emerging digital marketplaces and Colorado has decided that its regulatory framework needs an upgrade to match. The newly passed Colorado Digital Token Act, which Governor Polis is expected to sign, aims to clarify the …
Women in the Law
It is common knowledge that women outnumber men in law school enrollment, but they aren’t sticking with the profession. While women are well represented at associate levels (approximately 46%), there is a sharp decline in the senior ranks. Only nineteen percent of equity partners are women. For every one hundred women promoted to partner, one …
A Leap forward for the Cooperative movement
As a cooperative attorney nothing is more exciting than stumbling on the odd article sharing a cooperative success story. Some days though, it’s more than the random, obscure news story, some days it’s an announcement that makes it feel like the movement is going mainstream. Today is one of those days. Today Evergreen Business Services …
Last Legal Cafe of 2018 – it’s free!
We will be hosting our last legal cafe of 2018 on Tuesday, November 13th at Wayfinder Coop! This free workshop will introduce attendees to the basic principles of cooperatives, explain what makes Colorado cooperatives special, and teach attendees how cooperatives can raise capital. You will leave with a better understanding of what the cooperative model …
