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Forming a business

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 …

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Use of the term “Cooperative”

Edited June 26th, 2020: An earlier version of this blog post implied that only organizations incorporated as cooperatives under Massachusetts law may use the word “cooperative.” This post has been edited to accurately reflect that other businesses may use the term if they distribute earnings consistent with cooperative law. Entity formation is often the first …

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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. …

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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 …

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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 …

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Reflections on Our 5-year Anniversary (est. 2014)

Today marks the 5-year anniversary of our firm, Jason Wiener|p.c., a public benefit corporation.  For any start-up or entrepreneur, this occasion is ceremonious and marks a point of reflection and inflection.  Many think about the strategic pivots that led to their success (or survival), and the humble ones acknowledge the dumb luck along the way.  …

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Women in the Law

It is common knowledge that women outnumber men in law school enrollment, but they aren’t sticking with the profession. While women are well represented at associate levels (approximately 46%), there is a sharp decline in the senior ranks. Only nineteen percent of equity partners are women. For every one hundred women promoted to partner, one …

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Last Legal Cafe of 2018 – it’s free!

We will be hosting our last legal cafe of 2018 on Tuesday, November 13th at Wayfinder Coop! This free workshop will introduce attendees to the basic principles of cooperatives, explain what makes Colorado cooperatives special, and teach attendees how cooperatives can raise capital. You will leave with a better understanding of what the cooperative model …

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