The Farm Credit Administration has issued an updated informational memorandum for the purposes of providing Farm Credit System institutions with updated guidance on the Paycheck… Read More »Farm Credit Administration Guidance on PPP for Small Businesses
Cooperative Law Education
The New Hampshire Electric Cooperative, serving 115 mostly rural towns, is trying again to add delivering broadband internet to its core mission of delivering electricity.… Read More »New Hampshire Electric Cooperative Broadband Internet
Class-Action Lawsuit Focuses on Cooperative Board Compensation A South Carolina electric cooperative, Tri-County Electric Cooperative, Inc., was recently named in a class-action lawsuit focusing on its… Read More »Class-Action Lawsuit Focuses on Cooperative Board Compensation
The U.S. House of Representatives recently advanced two electric cooperative priorities, which are now headed to the Senate for full consideration. The House approved the… Read More »U.S. House Advances Electric Coop Priorities to Senate
AHC attorney David Cook will address the National Telecommunications Cooperative Association concerning recent developments in cooperative taxation. Cooperatives must comply with special tax rules to qualify, or continue to qualify, for tax advantages such as tax exemption or deduction and exemption of patronage earnings. The session will include options for allocation and retirement of capital credits and patronage dividends, along with recent IRS rulings in this area. He also will cover cooperative tax issues arising from consolidated reporting, the formation of subsidiaries, and various corporate transactions, such as liquidations and mergers. Read More »AHC Attorney David Cook Addresses NTCA Regarding Cooperative Taxation
AHC has formed a group on LinkedIn for business cooperatives. Here is a summary of the group and its purpose.
Business Cooperatives is dedicated to connecting business cooperatives and their leaders. By sharing their expertise and experiences, members will stay informed about cooperative operation, member relations and customer service, laws, finances, and taxes.Read More »New LinkedIn Group for Business Cooperatives
AHC attorney Roland Hall was recently interviewed for an article on the trend toward more transparency and openness in cooperative governance. The article appeared in the July/August issue of the National Cooperative Business Association’s Cooperative Business Journal. Read More »AHC Attorney Discusses Cooperative Governance and Transparency Issues
AHC attorney David R. Cook recently spoke to a group of cooperative accountants about the role of accountants in cooperatives’ board meetings. The presentation focused on the duties of directors, officers, and in-house accountants to the cooperative and to each other.Read More »The Role of the Cooperative Accountant
This blog post was prepared by guest blogger Tim Madsen of Survey & Ballot Systems.
A cooperative, by definition, is an association of people voluntarily united to meet a common goal through democratic process and voluntary membership. Democratic cooperative governance requires an elected board that sets policies and makes decisions that are in the best interest of its members. In order for this to happen, members must have the opportunity to participate in well-run, open elections.Read More »Guest Blog: Preparing Your Cooperative Staff for an Election