5 Legal Questions People Hesitate to Ask When Forming a Worker Cooperative
Worker cooperatives are an exciting alternative to traditional business structures, offering democratic governance and shared ownership among workers. However, navigating the legalities of forming a
Maintaining Cooperative Status Under Subchapter T: Requirements and Best Practices
Cooperatives play a unique role in the U.S. economy by prioritizing the needs of their members over maximizing profits for shareholders. Subchapter T of the
In What State Should You Organize Your Cooperative?
When setting up a cooperative, one critical decision is where to organize it legally. While in many cases the easiest course is to organize in
How Will Your Worker Cooperative Be Managed?
Worker cooperatives are owned and controlled by their members (the workers) for the benefit of the workers. Their democratic ownership and operation set them apart
How Cooperatives Use Preferred Stock to Attract Outside Investment?
Because cooperatives are focused on benefiting their members, rather than producing profits for investors, cooperatives often face unique challenges when it comes to raising capital.
Building Community and Stakeholder Relationships for Cooperatives
Community and stakeholder relationships are fundamental to the success and sustainability of cooperatives. Cooperatives are different than the typical business entity, in that most cooperatives
Differences Between Membership in a Cooperative and Membership in a Limited Liability Company
Because cooperatives and limited liability companies (LLCs) both designate their owners as “members,” groups deciding whether to use a cooperative structure may experience some confusion
Cooperative or 501(c)(3)
Groups interested in forming an organization to serve a specific group or community often consider forming either a cooperative or a 501(c)(3) nonprofit corporation. Both
White Electric Coffee – Worker Cooperative
In July 2021, a small Rhode Island café, White Electric Coffee, became the first of its kind in the state to transition to a worker
California Cooperative Economy Act
On February 19, 2021, California Assemblywoman Lorena Gonzalez introduced AB 1319, which included The Cooperative Economy Act (the “Act”). The Act’s objective is to introduce
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