Hi JWPC Blog Readers, Some of you have met me, some of you haven’t. So… I’m Erika(she), I am one of the associates here at JWPC. My background and passion is in food system change, but this post isn’t about that. This two-part post is about my queerness and its impact on my legal …
Queering my Legal Practice, Part 1: Queerness as a Lens
Hi JWPC Blog Readers, Some of you have met me, some of you haven’t. So… I’m Erika(she), I am one of the associates here at JWPC. My background and passion is in food system change, but this post isn’t about that. This two-part post is about my queerness and its impact on my legal practice. …
PR: JACQUELINE RADEBAUGH PROMOTED TO SENIOR ASSOCIATE
FOR IMMEDIATE RELEASE May 2, 2022 Jason Wiener|p.c., a public benefit corporation, is delighted to announce the promotion of Jacqueline to Senior Associate, effective immediately. Firm founder, Jason Wiener says: “Since Jacqueline joined the firm, she has brought immense creativity, rigor, and hard work to our team and to our clients. I am proud of …
What is the legal treatment of payments to DAO contributors?
If you have been active on Twitter this past year, you probably came across a reference to DAOs and maybe you saw statistics about developers and other folks quitting their jobs to become full-time web3 and DAO contributors. In my work, I have received many questions about DAOs’ legal status and distributions of tokens, and …
Revised Ohio LLC Act – Important changes coming up
Last year, Ohio revised its Revised Code (“ORC”) to update many provisions concerning the Limited Liability Company Act (the “Act”). The Act replaces the Chapter 1705 of the ORC with Chapter 1706. The new provisions will apply to both new and old LLCs and it will govern domestic and foreign LLCs formed before and after …
Patrons, Patronizing, Patronage Dividend
These are all terms used in the cooperative business community and sometimes their meanings are unclear or jumbled. This blog will discuss the definitions of these terms with examples of how they are used by different types of cooperatives. A patron patronizes a cooperative and receives a patronage dividend at the end of the year. …
DAO meets cooperative: Mensiversary of the Wyoming DAO law
In the next few weeks, my colleague Yev Muchnik and I will be posting some of our thoughts on legal aspects of DAOs. Yev has been in the blockchain world for a long time and is a renowned expert in the subject. Providing legal support to cooperatives and social enterprises adopting democratic governance is a …
Updated Section 1042 Tax Benefits
There is a section of the Internal Revenue Code (IRC) that provides some tax benefits for people who sell their companies to either an ESOP or to a worker cooperative. This blog will explain how 1042 provides tax advantages when selling to a cooperative. If you are thinking of becoming employee-owned or selling your business to …
Selling to a Worker Coop Over Time
Many businesses are looking at the possibility of selling their companies to their employees through a worker cooperative. They have crunched the numbers, gotten the employees interested, have figured out the financing, but now want to explore the timing of a potential sale. Often there is a misconception that the owners have to sell 100% of the business in one lump sum, in …
VC Investment into Democratic, Worker-Owned PBC
What does it feel like when traditional notions of worker-ownership come face to face with venture capital and a deal gets hammered out? As you might expect, pretty exciting and hopeful. One of our clients came to us a little more than a year ago as a group of workers and friends who left …
