Eryn Slagle, a senior at the University of Minnesota Duluth, assisted in the writing of this article. When starting and operating a small business, it’s important to adopt best practices that will help make your business successful, profitable, and to avoid conflict and disputes. In today’... continue reading »
Best Practices for Small Businesses – #1-6
Eryn Slagle, a senior at the University of Minnesota, assisted in the writing of this article. When starting and operating a small business, it’s important to adopt best practices that will help make your business successful, profitable, and to avoid conflict and disputes. In today’s arti... continue reading »
No Contest Clauses
For most families, one of the goals of estate planning is to minimize future turmoil that may occur after they pass away by addressing how their assets and estate will be settled upon their death. It is often very helpful to have mom and dad make those hard decisions now and not leave a mess for ... continue reading »
Estate Taxes
Minnesota Governor Tim Walz recently proposed a budget for 2022-2023 with the goal of raising revenue and providing relief to those most impacted by the COVID-19 pandemic, calling it ‘Minnesota’s COVID-19 Recovery Budget. The budget calls for an increase in several taxes, and, specifically, a... continue reading »
VRBO
Short term rentals are becoming more commonplace. If you plan on renting your own home, there are several things to consider.
Make sure you review any recorded covenants before you rent. Do they regulate rentals and how can rules be amended are issues that one should know before making an... continue reading »
New Reporting Requirements for Business Entities
We work with lots of clients to set up limited liability companies (LLCs) and corporations (s-corps and c-corps). The legal and filing requirements to establish a new entity are fairly straightforward, and one of the first steps is to file Articles with the Minnesota Secretary of State to registe... continue reading »
Business Entities – Annual Reminders
As you prepare for tax season and end of year planning, it’s also time to complete your annual renewal for your business entity with the Minnesota Secretary of State. Annual renewals are required for corporations, limited liability companies, non-profit corporations, cooperatives, and limited/l... continue reading »
Personal Injury Settlement Release-Explained
In the personal injury world, most of the cases settle prior to getting all the way to a jury trial. The reasoning for an injured to settle their case prior to taking it to trial can be a multitude of reasons. Some of these reasons include: avoiding the risk and uncertainty of trial and taking a ... continue reading »
Collecting on Money Judgments – Overview
I often field many phone calls regarding collecting on a money judgment someone has received in a court action. In these incidents, the holder of the money judgment is called a creditor. When I field these types of calls, it’s clear the person is frustrated. They have pursued a court action aga... continue reading »
Economic Development Organizations in our Communities
In this article, I want to highlight two organizations that are central to promoting economic development in our local communities and region.
The Cass County Economic Development Corporation (Cass Co EDC) supports businesses throughout Cass County, and I’m proud to serve on its Board of... continue reading »