In March, Governor Polis signed a bill that codifies procedures for ratifying defective corporate actions into Colorado Law. Ratification statutes allow boards of directors to affirm corporate actions that were defective in some way. This type of statute has become a trend in state-level corporate law and brings Colorado in step with Delaware and many …
#futureofwork
COVID-19: Collectivism in the Face of Crisis
I won’t soon forget the events of the past week. I watched the world around me completely change in the span of four days as the novel corona virus took hold in the U.S. We are now on track to follow the same path as Italy and it’s hard to grasp and process how much …
Cuba and Cooperatives (Series): Opening Invitation
Cuba is a study of contrast and contradiction. How does a 950-mile long island of 10M people, situated only 90 miles from the U.S., sustain its people, culture and autonomy while living under the proverbial boot of the most powerful country on earth? And, while promoting a deeply connected civil society that puts racial, sex, …
Gallun Snow becomes employee owned with assistance from RMEOC and attorneys Linda Phillips and Tonya Price
Member Spotlight: Gallun Snow Interior Design Gallun Snow Becomes Employee Owned! Gallun Snow Interior Design became employee owned on October 1st. The company began in 1988 and is now a nationally recognized Healthcare Interior Design firm. They have an amazing team and are excited to be able to maintain what they have built over the …
Employee-Owned Firms Should be Eligible for Minority Certification by Tonya Price and Lydia Edwards
Our associate, Tonya Price and of Counsel, Lydia Edwards recently wrote Employee-Owned Firms Should be Eligible for Minority Certification for Fifty by Fifty in which they propose solutions for businesses with fears of losing their minority-owned business certification.
California Codifies Lessons Learned from #MeToo
On October 10th California Governor, Gavin Newsome signed bills AB9 and AB51 – both to increase protections for workers. Both bills were inspired by and are direct responses to the #MeToo movement. AB51 Bill AB51 prohibits employers from conditioning employment on acceptance of a mandatory arbitration agreement and retaliating against employees who choose not to …
Worker Co-op Owners: Where to Report 1099-PATR Income on Your Form 1040 by Bruce Mayer
Our friends over at Wegner CPAs posted this blog on reporting 1099-PATR income on your individual tax return. We know that for our cooperative clients navigating tax season can be confusing and employee-owners may have questions about what to do with their 1099-PATRs. Bruce Mayer provides a concise and easy to understand assessment of individual …
New Models for #platformcoop Design, Part 5: Reciprocal Ownership
In this series so far, we have analyzed the potential for a sistered for-profit entity and cooperative entity to separately optimize for financing and member-orientation. Since publishing this series, I’ve received some good feedback from readers. Some have asked about additional terms and benefits that could be designed into the TechCo – Cooperative “pre-nuptial” agreement. …
New Models for #platformcoop Design, Part 3: Option A – The Integrated Tech/Data Cooperative
In the previous blog post, I used real estate development as an analogy to illustrate a #platformcoop. In this #platformcoop model, the technology architecture is developed, funded, and deployed within the same legal vessel as that which processes, distributes, and monetizes the throughput data. The tech platform is owned by the same stakeholders as the …
Independent Contractor Agreements in Colorado
Most (if not all) of our clients enter into an independent contractor relationship at some point in their existence. The reasons vary: start-ups do not know whether they will be successful in the long term and therefore do not want to commit to an employment relationship; established clients need help for a brief period or …
