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My Custom Title Cooperatives are community-controlled and owned businesses that have a democratic governance structure. Cooperatives put wealth and decisions into the hands of workers and consumers, building community well-being and transforming local economies! There
Complying with Compensation and Time-off Laws Being an employer comes with a lot of responsibility – both to employees and to the government. Now that you’ve figured out who the employees are, it is important
Using Section 1042 to Reduce Tax Rates During a Cooperative Conversion Sale The Section 1042 Rollover, part of the Internal Revenue Service (IRS) tax code, can help business owners minimize capital gains taxation when converting
Subchapter T: The Most Common Tax Status for Co-ops The Subchapter T designation is designed specifically to address the unique nature of cooperative income. It allows a co-op to pay taxes only on the income
Social Co-ops Social co-ops essentially provide a space for informal sharing of good and services to its own members rather than the public or non-members Childcare Cooperatives Childcare co-ops provides services to the parent members
Understanding the Member Role in a Cooperative In a cooperative, a member is defined by specific legal rights that include ownership and the ability to vote for leadership. There can be different classes of membership
Subchapter C: An Income-driven Tax Status for Corporations Subchapter C is the default tax status for corporations, and it also applies to LLCs that choose to be taxed as corporations. Companies that use Subchapter C
Subchapter K: A Tax Status for Partnerships The Subchapter K tax status, also known as “Partnership Taxation” prevents a business from being taxed at the federal level. Instead, it passes through all income and losses
Subchapter S: An Alternative Tax Status for Corporations The Subchapter S (S-Corp) tax status offers small businesses and LLC owners the benefit of avoiding double taxation and treating LLC owners as W-2 employees. For cooperatives qualifying for
The information presented on Co-oplaw.org is largely based on California law and IS NOT LEGAL ADVICE.
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