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… Read More »White Electric Coffee – Worker Cooperative
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… Read More »California Cooperative Economy Act
AHC attorney, David Cook, recently spoke to a group of directors of telephone cooperatives about legal risks and privacy concerns. The telephone and telecommunication utilities… Read More »Telephone Cooperative Directors: Legal Risks and Privacy Concerns
On May 28, 2021, the United States Postal Service (USPS) filed notice with the Postal Regulatory Commission (PRC) for rate increases, which will be effective… Read More »The Effect of USPS Rate Increases on Cooperatives
When a group interested in forming a cooperative is deciding between a cooperative structured as a corporation and a cooperative structured as an LLC, the… Read More »Formation Documents for Cooperatives Structured as Corporations
This final post in the series addresses sales of preferred shares. Unlike common shares, preferred shares can offer dividends and in most states, can be… Read More »Selling Preferred Shares in Cooperatives
Groups interested in forming a cooperative that is structured as a for-profit corporation often have questions about how shares are issued, who can purchase shares,… Read More »Legal Requirements for Selling Common Shares in Cooperatives
Groups interested in forming a cooperative that is structured as a for-profit corporation often have questions about how shares are issued, who can purchase shares,… Read More »The Role of Shares in Cooperatives
In a new ruling, the Service considered the period of historical patronage business that should be used to calculate the gain on a liquidation sale. Coop was a… Read More »New IRS Ruling: The Timing of Patronage Business for Allocations
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
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