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Illinois Co-op Act Now Includes Service Businesses!

This is a legal update that I'm excited to share! HB5898 was signed into law on July 29, 2016. This video explains the change: I'm excited to spread the word that the Illinois Cooperative Act has been updated to include…
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Legal Entity Choice for Cooperatives

  I made this video to give start-up cooperatives a preview of the conversation about choosing a legal entity. This is general information--if you are actually choosing a legal entity, it would be a great idea to hire a lawyer, especially…
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What makes a business a cooperative?

Transcript: Let’s say you’re starting a business, or adding owners to an existing business, and you like the idea of the business being a cooperative.  When you’re at this stage, I think it’s useful to get clear on the basics:…
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HB5898: Big Improvement to Illinois Cooperative Act

A bill is in the Illinois legislature that would open up the Co-operative Act to any kind of cooperative business.   The existing law allows only co-ops of producers, or co-ops that provide merchandise to consumer members. Perfect for a…
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Investment Crowdfunding Coming to Illinois

  Illinois' new state crowdfunding law took effect on January 1, 2016.  This amendment to the state's securities law will allow businesses to raise capital by selling investments (securities) to the public. Most crowdfunding today is donation-based.  If you're accepting…
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National Investment Crowdfunding Finally Legal!

The SEC finally adopted those rules we were waiting for!  The Crowdfunding section of the JOBS Act is now in effect!  You can find more details on what you can do with this law right here: http://www.sec.gov/news/pressrelease/2015-249.html  
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