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 …
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Gallun Snow – an Employee Ownership Conversion Success Story
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 …
Department of Labor Issues New Final Rule (2024) to Clarify Employee vs. Independent Contractor Status under FLSA
We previously wrote on the U.S. Department of Labor (DOL)’s 2021 rule publication regarding classification of employees and independent contractors in the context of gig workers. The DOL has again published a new final rule clarifying the test for determining the status of a worker as an employee or an independent contractor. For any business …
CORPORATE TRANSPARENCY ACT It’s Time to Report Part 3: The FORM
This is Part 3 of a 3-Part series (Part 1: It’s Time to Get Prepared & Part 2: FAQs) of information we are sending to our small business clients regarding the Corporate Transparency Act (CTA) and its impact on millions of small businesses. The CTA was passed by Congress a couple of years ago and …
Cooperatives: the fulfilment of big tech’s empty promises
I often wonder if DAOs are really different from Big Tech. I believe they can be, but that must be an intentional choice. I hope to tell you how DAOs can be different from Big Tech. Big Tech companies have revolutionized the way we live our lives, from the way we communicate with each other …
The Defiant’s Exclusive Report: Solving the Riddle of the DAO with Colorado’s Cooperative Laws by Jacqueline Radebaugh and Yev Muchnik
Our Partner and Shareholder, Jacqueline Radebaugh and Senior of Counsel, Yev Muchnik recently wrote this Exclusive Report: Solving the Riddle of the DAO with Colorado’s Cooperative Laws for The Defiant in which they reflect their legal analysis and anecdotal experience with DAOs adopting the LCA cooperative legal framework in the United States; as with other …
PATHWAYS TO PURPOSE DRIVEN LEGAL PRACTICE – JACQUELINE’S JOURNEY
Like many of my colleagues in transactional practice who focus on the social enterprise spectrum, the path to my current role was not a straight line. It has however been very true to what I believe in: integrity, justice and fairness, and service to others. I hope this personal post gives you some insight on …
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. …
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 …
