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Here's a few articles and podcasts that are inspiring our work and the research we need to reinvent economic systems.

We'd like YOU to contribute to this monthly feature. We'll share some of what we're reading and finding interesting but if you read (or write) an article you'd like to share on Next Legal please send the link to me!

Historic Federal Law Gives Employee-Owned Businesses Access to SBA Loans from...

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Introduction

Although they are for-profit businesses, cooperative corporations can have little to no federal income tax burden depending on how they share their profits with their patrons. This is true even when the cooperative retains most of those earnings and allocates them to patron accounts. Patronage dividends, as defined under Subchapter T of the Internal Revenue Code, are tax-deductible to the cooperative. Patronage dividends must meet a specific definition, however: amounts paid by a cooperative to its patrons on the basis of the quantity or value of business done with...

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Tell us a little about yourself and the educational or career path you took to get to where you are now?

I grew up in small-town, rural Mississippi, but attended an elite prep school where I graduated as salutatorian. My privileged formal education was only one source of learning for me, though. My practical education came from an anti-intellectual, fundamentalist Baptist church where I developed as a leader and formed my identity. With this formal and practical education, I left Mississippi for college at Samford University in Birmingham, Alabama. I studied...

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1. Tell us a little about yourself and the educational or career path you took to get to where you are now?

I decided in law school to focus on tax classes because several professors and practicing lawyers told me that tax lawyers had a more "academic" practice. Working in a couple large firms, I found this was true and I think having a tax speciality provided opportunities to work on more transactions representing a wider variety of deal structures. After about 6 years with large firms, I made the tough decision to start my own practice, largely because I'd felt...

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This Guide discusses options for obtaining funds for farm enterprises in California through methods other than bank and institutional loans. With growing consumer interest in local sources of food, there are increasing opportunities for farmers to include their customers, friends, family, neighbors, and other community members in the farm enterprise as investors. Receiving investment dollars from community members instead of larger institutions may also be more feasible for many beginning...

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