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Restructuring a business

Thoughts from a new economies’ attorney: distinguishing cooperative governing structure

In my previous posts, I discuss how traditional businesses and cooperatives diverge from a capital (and return on capital) point-of-view. Another common misconception is that cooperatives function like nonprofits, typically from the perspective of governance structure. They don’t. Cooperatives are businesses, and, as such, business principles and governance, and business governing structure apply to them. …

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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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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 …

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The New Trusts: Democratic Ownership Beyond the ESOP

This webinar on emerging explorations on trust structures—their promise and their problems features Nathan Schneider (University of Colorado Boulder), Christopher Michael (Christopher Michael P.C.), Camille Kerr (Upside Down Consulting), Derek Razo (Purpose Ventures), Sara Stephens (Sustainable Economies Law Center), and our very own Jason Wiener (Jason Wiener | p.c.). A new generation of lawyers, investors, …

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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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PR: Francisca Pretorius Joins Firm Full Time

FOR IMMEDIATE RELEASE September 20, 2018 CONTACT: Jason R. Wiener 720.445.6860 jason@jrwiener.com www.jrwiener.com Linda D. Phillips 303.355.0401 linda@jrwiener.com www.jrwiener.com   Francisca Pretorius Joins Firm Full Time   Jason Wiener|p.c., a public benefit corporation, is pleased to announce that Francisca Pretorius has joined the firm in a full-time capacity. She will hold the dual roles of …

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