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Elizabeth L. Carter,

Managing Attorney

Elizabeth is a crowdfunding securities attorney who represents investment companies, small businesses, nonprofits, cooperatives, and other social enterprises with the legal strategy and compliance of raising capital from both accredited and non-accredited investors. Her most recent work includes assisting  a driver-owned ride-share cooperative with the legal compliance of its  $1.07 million debt crowdfunding offer through Regulation Crowdfunding (Reg CF). Similarly, she assisted a number of cooperatives with their governing documents (by-laws, operating agreements, articles of incorporation) in order to prepare them for an upcoming capital raise from non-member investors.  She also assisted a number of investment funds with the securities legal strategy and compliance of a SEC Rule 506(c) crowdfunding offer, including a cooperatively-owned investment fund that offered  $2 million in equity to accredited investors, as well as a community development financial institution that offered $1 million in slow equity to mission-aligned accredited investors.

Elizabeth's prior work includes the legal representation of entrepreneurs, property owners, small businesses, nonprofits and government agencies in various community economic development initiatives including drafting a joint venture agreement on behalf of a minority-owned redevelopment entity in order to promote inclusionary development; serving as general counsel to a limited-equity housing cooperative with over two hundred affordable housing units for seniors, and persons of low income; assisting a community development nonprofit with the selling of real estate for the development of affordable housing; representing a government agency with property tax lien issues in order to assist in the removal of blighted properties; reviewing, drafting, and negotiating commercial real estate contracts on behalf of a small businesses; and helping to prevent a tax lien foreclosure on behalf of a low-income property owner through the negotiation and drafting of a third-party investor real estate agreement.

 

She also served as Special Counsel in the Department of Economic and Housing Development of the City of Newark where she was  lead counsel on a $8.1 mill affordable housing cooperative project and authored the City's amended tax abatement ordinance which provides tax incentives for inclusionary development by women, racial minorities, and cooperatives. Elizabeth also founded and served as Lead Counsel & Executive Director of the Urban Cooperative Enterprise Legal Center, Inc. (@ucelc), a 501c3 nonprofit organization with a mission to create and support cooperative enterprises within marginalized communities in order to promote local sustainability.

Currently, Elizabeth is on the Board of Directors of the Co-op Ed Center, and serves on a number of Advisory Boards including the Advisory Boards of Seaway, A Division of Self-Help Federal Credit Union; National Public Housing Museum; and the Lawndale Christian Community Development Corporation of Chicago. She also serves as Director of Community Planning and Economic Development of the 20th Ward Ald. Jeanette Taylor's office in Chicago, IL and is a Visiting Professor at the University of Illinois Chicago School of Law.

 

Elizabeth graduated from the University of Michigan with honors, double majoring in African American studies + political science with a minor in philosophy. She also has a dual degree in law and urban planning from Rutgers University. Elizabeth is licensed to practice federal law, as well as State law in three states: Illinois, New Jersey, and New York, and is passionate about  political economics, solidarity economies, restorative economics, and community development.

Bar Admissions

  • Illinois, 2020

  • New Jersey, 2016

  • New York, 2016

 

Other Professional Affiliations

 

Education

  • Rutgers University School of Law, Newark, New Jersey: Juris Doctorate (2015)

  • Rutgers University Bloustein School of Planning and Policy, New Brunswick, New Jersey: Masters in City and Regional Planning (2015)

  • University of Michigan, Ann Arbor, Michigan: Bachelor of Arts with honors Afro-American and African Studies,    Political Science, and Philosophy 2011

Publications

THE TEAM

Chynniqe Ross
CHYNNIQUE ROSS
Law Clerk
Fall 2021/ Winter 2021/
Fall 2020

After taking the Illinois Bar Exam, Chynnique Ross is returning  to the Firm as a Fall 2021 Law Clerk - pending bar admissions. A graduate of the University of Illinois School of Law in Chicago,  Chynnique will take on a greater role at the law firm and act second chair on client matters, as well as complete her writing of a law review article focused on Black and Latinx women entrepreneurs and co-authored by Elizabeth, our Managing Attorney. 

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CYMONE FORDE
Law Clerk
Fall 2021/Summer 2021/Winter 2021

Cymone Ford, a third-year law student at the University of Illinois in Chicago., is joining us again after spending her 2L summer at the Firm as its inaugural #BlackWomenLawyersMatter Summer Law Clerk, sponsored by our ecosystem partners Sustainable Economies Law Center.  This program is designed to increase Black women's representation within the field of securities law.

 

This Fall, Cymone will continue to increase the representation of of our cooperative clients and engage in legal research  and writing of a law review article regarding the intersections of data privacy and securities law, which will be co-authored by Elizabeth, our Managing Attorney.  Cymone is passionate about minority representation within the legal industry as well as in business. 

Shila Bayor 
   Law Clerk 
    Fall 2021 

Shila Bayor will be joining the Firm as our new Fall 2021 Law Clerk. She is a second year law  student at Penn State Dickinson Law School and is originally from New York City where she graduated from Bard College. Currently, Shila serves as the President of the Business Law Society and as Secretary for the Black Law Student Union at her law school..