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.
Governance and Shared Ownership
Happy National Cooperative Month from the Jason Wiener | p.c. team
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 4: Option B – The TechCo and Co-op Marriage
Click here to read the previous post in the series, Part 3: Option A – The Integrated Tech/Data Cooperative In light of the design and practical challenges that face certain kinds of #platformcoops, we have re-incarnated a traditional private equity strategy that houses different operational functions within separate legal structures. I call this the “TechCo …
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 …
New Models for #platformcoop Design Part 2
Click here to read the first post in the series, The Marriage of TechCo and Co-op. If traditional tech platforms are generally designed to maximize liquidity value, and cooperatives are generally designed to maximize use value, how can the #platformcoop movement successfully blend both models to meet the needs of all stakeholders involved? We think one …
New Models for #platformcoop Design: The Marriage of TechCo and Co-op
Over the years, we have advised our clients on dozens of #platformcoop designs, formations, and fundraising campaigns. While the cooperative structure has been used for decades as a legal vessel for both collective asset ownership (e.g. affordable and market-rate housing, commercial real estate, electric generation and distribution, manufacturing, processing, etc.) and for collective distribution access …
Mission Protection for Traditional Companies – Blog 2, Voting Trusts and Agreements
In our previous blog about mission protection for traditional companies, we discussed how golden shares, a type of share with special voting- or other rights, could be used as a tool to preserve an entity’s social mission. In this blog, we discuss voting trusts and voting agreements as another mission-anchoring mechanism for a tradition entity …
Employee Ownership Models
8/10 baby-boomer owned businesses has no succession plan. Nationally, less than 25% of businesses valued at less than $1M can find a buyer. We are living through the largest wealth transfer in human history. In this presentation, Jason Wiener explores the structures and mechanics of converting a small business to employee ownership. The presentation focuses …
