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 …
Uncategorized
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 …
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 …
Updates to PPP under the Economic Aid Act
The Economic Aid Act, passed on December 27th, 2020, expanded the Paycheck Protection Program created by the CARES Act. The Economic Aid Act authorized $284 billion in new funds for first draw and second draw funds of PPP. The Small Business Administration (SBA) and U.S. Treasury have issued new guidance on how the changes will …
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 …
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 …
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 …
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 …
COVID-19: Paycheck Protection Program Loan Forgiveness
Last updated: October 14, 2020. The Coronavirus Aid, Relief, and Economic Security (“CARES”) Act addresses economic impacts of, and otherwise responds to, the COVID-19 outbreak. The rescue plan includes the Payroll Protection Program (PPP), a loan program for small businesses to keep workers paid and employed. Read more about the program itself here. In this …
