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 Island Employee Cooperative (“IEC”) was created after Vern and Sandra Seile, owners of a supermarket, grocery store, and pharmacy/variety store, merged and sold their businesses to their employees. The IEC conversion powerfully illustrates the
Co-opLaw.org is an online legal resource library supporting democratic, worker-owned businesses. This resource library is our attempt to create a comprehensive worker-owner legal resource library with plain-language legal resources, educational tools, and legal documents, providing
Making Governance Documents Approachable: Coopsicles’ Operating Agreement
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