Purchase price allocation is the process of dividing the total purchase price of a business among its individual assets for tax purposes.

A line of credit, abbreviated as LOC, is an arrangement between a financial institution, usually a bank, and a customer that establishes a maximum amount that the institution will allow the borrower to access or maintain. Unlike a loan, which is typically a one-time thing, a line of credit remains open. It’s like a pool of money you can dip into that’s not yours.

Members contribute equitably to, and democratically control, the capital of their cooperative. At least part of that capital is usually the common property of the cooperative. Members usually receive limited compensation, if any, on capital subscribed as a condition of membership. Members allocate surpluses for any or all of the following purposes: developing their cooperative, possibly by setting up reserves, part of which at least would be indivisible; benefiting members in proportion to their transactions with the cooperative; and supporting other activities approved by the membership.

Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, national, regional and international structures.

Case studies of companies who were previously EO and demutualized, sold to a strategic or financial buyer, or closed.

Common stock is not just a piece of paper—or, these days, a digital entry—but a ticket to ownership in a company

The Davis-Bacon Act requires that all contractors and subcontractors performing construction, alteration excess of $2,000 pay their laborers and mechanics not less than the prevailing wage and fringe benefits

In worker cooperatives, each worker owns an equal share of the business. By paying a buy-in, and by fulfilling any other requirements outlined in the bylaws, a worker earns a share of the cooperative: Every worker-owner (or member) of the cooperative owns one equal share of the cooperative.

As opposed to proprietary deals, shopped deals are "shopped" out to many competing financial buyers, and are run by investment banks. It provides more leverage for the seller to get the best price.

In an internal capital account cooperative, the co-op’s net worth is reflected in a system of internal capital accounts. Each member has an individual capital account (ICA) to keep track of their portion of the co-op’s net worth and reflect the value of the member’s relative equity in the co-op

Form 1099-PATR, Taxable Distributions Received From Cooperative, is a form sent to taxpayers to allow them to report distributions received from a cooperative.

An alternative minimum tax (AMT) places a floor on the % of taxes that a filer must pay to the government, no matter how many deductions or credits the filer may claim. The US currently has an alternative minimum tax for taxpayers who earn above certain income thresholds.

A consumer-owned electricity distribution co-op. These power about 56% of the land mass of the United States.

The amount of money in an account at the beginning of a period, especially a month or year.

Jobs to be Done is a framework published by Clay Christensen. It can be used to create offerings that people truly want to buy by understanding the job the customer is trying to get done.

Accredited CE on EO

The ability of a company to draw and interest potential employees to join their organization.

A decision making process that rather than voting that is committed to finding decisions that everyone actively supports, or at least can live with. All decisions are made with the consent of everyone involved, to ensure that all opinions, ideas, and concerns are taken into account.

The mandatory transfer of employer securities into or out of plan accounts, not designed to result in an equal proportion of employer securities in each account

A forecast of future revenues and expenses for a business, organization, or country. A financial projection will typically take into account both internal information such as historical income and cost data, and estimates of the development of external market factors, providing estimated figures in addition to projections of the general financial condition of the company in the future.

Amortization is the gradual repayment of a debt over a period of time, such as monthly payments on a mortgage loan or credit card balance. To amortize a loan, your payments must be large enough to pay not only the interest that has accrued but also to reduce the principal you owe.

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The executive/leadership/management team following a business sale after which the previous owner(s) exit.

Proxy voting is a form of voting whereby a member of a decision-making body may delegate their voting power to a representative, to enable a vote in absence.

This percentage represents how much of the money earned by a business is directly spent on creating products or providing services. The lower the percentage, the higher the margin, and the more cost-effective the business appears to be. (To calculate a gross profit margin, first take the gross profit from the Profit & Loss [i.e. total revenue minus direct costs/Cost of Goods Sold]. Divide this number by total revenue. Multiply by 100 to show as a percentage.)

An arrangement which allows for the loan amount to be withdrawn, repaid, and

Also called Collective Equity in a cooperative, Retained Earnings are the accumulated net income that has been retained for reinvestment in the business rather than being paid out in dividends to stockholders. Retained Earnings is a part of the equity section of a business’ balance sheet.

The balance of an account, such as a bank or credit card account, at the

Opportunity Zones are an economic development tool that allows people to invest in distressed areas in the United States.