On May 20, 2021, Senator John Hickenlooper introduced four bills in Congress to help underserved individuals, communities, and small businesses, including the Capital for Cooperatives… Read More »Capital for Cooperatives Act
In March 2021, Congress approved $1.9 trillion under the American Rescue Plan Act (“Act”), which included emergency funding to respond to the pandemic and its… Read More »American Rescue Plan and Broadband
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
Uber and Lyft, well known ride sharing services, offer drivers flexibility and control over their schedules and workload. This independence, however, came at higher costs… Read More »The Driving Force for The Drivers Cooperative
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 lawsuit brought against a nonprofit, member-owned electric cooperative corporation, the plaintiff-members (“Plaintiffs”) alleged that Southwest Mississippi Electric Cooperative (the “Cooperative”) unlawfully failed to… Read More »Mississippi Cooperatives Win Big on Arbitration Clause in Bylaws
The CARES Act included economic stimulus packages of $349 billion for Paycheck Protection Program (PPP) Loans and modified the existing Economic Injury Disaster Loan (EID)… Read More »CARES ACT – Cooperative Eligibility
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