Voting Structures for Businesses

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 …

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Capital Basics: Five Categories of Financing

The Jason Wiener, p.c. blog has a significant and growing section on raising capital for a business. This post will go back to the basics and briefly describe the five categories of financing: debt, equity, convertible debt, grants, and rewards-based fundraising. Most types of fundraising fall within one or more of these areas. Debt: Debt …

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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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Black Lives Matter. Period.

Credit – LA Johnson/NPR Black Lives Matter and we stand in solidarity with the Movement for Black Lives.  Period. We stand with those taking to the streets to voice the collective pain from and intolerance of, as well as demand reform of police tactics that direct violence at black people, indigenous people, and people of …

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COVID-19: Useful Resources

Last updated: June 4, 2020 General Information and Business Support National Assistance Small Business Association Disaster Assistance Loans: Application (applicable if your area has been declared eligible for disaster loan assistance) SBA Express Bridge Loan Program Small Business Association Local Assistance Directory Small Business Association Funding and Lender Match programs Federal Disaster Unemployment Assistance CDC Interim Guidance for Businesses and Employers Tax deferral for individual and non-corporate tax …

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SEC Adopts Temporary Rules to Loosen Crowdfunding Regulation in Light of COVID-19

 In recognition of the particular effect of COVID-19 on small businesses, the SEC issued temporary rules earlier this month to allow small businesses greater access to interstate crowdfunding. The federal requirements for crowdfunding, called Regulation Crowdfunding or Regulation CF, had slow approval processes and arduous requirements which made it difficult for small businesses to access …

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COVID-19: News and Resources Main Page

We know this is a highly unsettled and uncertain time. We are all grasping for clarity and comfort as we self-quarantine and check in (virtually) on loved ones and colleagues.  Know that our remote-first team is fully operational and here to support our clients in whatever way we can. We will be regularly compiling relevant …

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COVID-19: Emergency Paid Sick Leave and Emergency Family and Medical Leave

The Families First Coronavirus Response Act requires certain employers to provide their employees with paid sick leave or expanded family and medical leave for specified reasons related to COVID-19. The Department of Labor’s Wage and Hour Division administers and enforces the new law’s paid leave requirements. These provisions will apply from the effective date through December …

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