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.
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 …
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 …
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 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 …
Introduction Cooperatives are a unique business model, emphasizing democratic control, equitable distribution of benefits, and member participation. Within the cooperative world, two common structures are cooperative corporations (simply “cooperative(s)”) and limited cooperative associations (“LCA(s)”). While these two forms share fundamental principles, they contain key important differences in their legal frameworks and operational flexibility. This blog …
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 …
On April 23, 2024, the Federal Trade Commission (“FTC”) issued the Non-Compete Clause Rule (“Final Rule”) prohibiting non-competition agreements nationwide.[1] 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 with that employer is over. While state statutes have targeted non-competes …
It takes a lot of planning, thoughtfulness, and attention to technical detail to become a 501(c)(3) public charity[1]. These organizations have applied for and received tax-exempt status under Section 501(c)(3) of the Internal Revenue Code (the “I.R.C.”) which means they are eligible for exemption from paying federal corporate income tax and are typically also eligible …
This blog post will explore the intricacies of major data privacy law frameworks applicable organizations and businesses, including the European Union’s General Data Protection Regulation (GDPR), and the California Consumer Privacy Act (CCPA). While these regulations may be specific to only those jurisdictions, they are important to understand because the CCPA is rooted in GDPR …
This blog post will explore two different employee ownership models – ESOPs and Cooperatives. It will discuss the distinctive features, advantages, and challenges of each model, and will briefly compare the two. Our hope is to help readers better understand these two models, and when either might be a suitable ownership structure for an organization …
