If the 18th century can be defined as the age of industrialization and competitive advantage of the nation state, the 19th century by the power of the corporation, and the 20th by corporate financialization, then, I believe, the 21st century will be defined by ownership.
Grantmaking by Public Charities to other Nonprofits and to For-Profit Organizations
One of the ways tax-exempt 501(c)(3) organizations can further their missions is through grantmaking – providing financial support to other organizations (nonprofit or for-profit) working on related initiatives. However, when 501(c)(3) organizations want to engage in grantmaking, they need to be weary of some the federal tax-exempt requirements that may affect their ability to provide …
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 …
The Public Support Test for Certain 501(c)(3) Nonprofits
Because I recently worked with a few clients who are seeking 501(c)(3) tax exemption status, I found inspiration to explore and explain the public support test that is a requirement for certain organizations seeking that 501(c)(3) tax-exempt status. For any nonprofit to obtain tax-exempt 501(c)(3) status, the organization must file an application for recognition of …
GABRIELA ARCE JOINS JWPC AS ASSOCIATE ATTORNEY
Jason Wiener|p.c., a public benefit corporation (“JWPC”), is pleased to announce the addition of Associate Attorney, Gabriela Arce, an exceptional attorney with a diverse background in international trade, corporate governance, and business law. With a particular focus on impact investing and democratic capitalism, Gabriela brings a wealth of experience and expertise to JWPC’s clientele. Before …
Update: Federal Court Invalidates Federal Trade Commission’s Ban on Non-Competition Agreements
Earlier this year, we wrote a couple of blog posts[1] on the Federal Trade Commission (“FTC”) issuing its Non-Compete Clause Rule (“Final Rule”) which is meant to prohibit non-competition agreements nationwide.[2] Non-competition agreements (“non-competes”) generally are provisions in contracts whereby an employee agrees not to enter into competition with an employer after their employment period …
The Oxford Symposium on Employee Ownership
I recently returned from the Oxford Symposium on Employee Ownership, where I was one of 120 hand selected attendees. I joined fellow Colorado Employee Ownership Commissioners, Doug Dell, Jen Briggs and Stephanie Gripne as one of the largest delegations from around the world. We gathered in hallowed halls of Oxford University to discuss the current …
The Importance of Time: Sabbatical
In this insightful interview, Yev Muchnik sits down with Jason Wiener, who recently returned from a transformative sabbatical. Join us as Jason shares his experiences and the profound lessons learned about the importance of time and personal growth. Discover how stepping away from routine life led to a journey of self-discovery and a renewed perspective …
Raising Money for Your Business: Rule 506(b) vs Rule 506(c) Offerings
Raising money is one of the formative parts in the life of a growing business. Whether a business needs start-up capital to get an operation formed and off the ground, operating money to scale up while it is pre-revenue, or an influx of cash to fund a major project or acquisition, many small and growing …
Update: Federal Court Challenges to Federal Trade Commission Final Rule Banning Non-Competition Agreements
Earlier this year, we wrote a blog post about the Federal Trade Commission (“FTC”) issuing its Non-Compete Clause Rule (“Final Rule”) which is meant to prohibit non-competition agreements nationwide.[1] To recap, noncompetition agreements (“non-competes”) generally are provisions in contracts whereby an employee agrees not to enter into competition with an employer after their employment period …
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 …