It’s not too early to get started. As the end of 2023 approaches and you look ahead to tax season and other 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/limited liability partnerships.…
My three-part series on Minnesota employment law changes will be coming to an end with this last article. Previously, I wrote on the new cannabis law changes and the effects of the legalization on employers and employees. I then wrote on non-compete law changes and the same effect it would have on employers and employees. This article will be on…
I started a series a few weeks ago about the new employment law changes in Minnesota. The first article in the series was focused on the new legalization of cannabis and its effect on employers and employees. This article will be centered around what are non-compete agreements, how they affect employers and employees, and the recent changes in the laws…
I started law school almost exactly one year ago, and I still feel unsure of what I am agreeing to when I scroll through a terms and conditions (“T&C”) page before I just give up and click agree. One of the first classes I took in law school was the “Fundamentals of Contracts.” I learned that for a contract to…
In Charitable Giving Part I, I outlined developments in the tax laws that impact charitable giving. As a generous group of people, the reason why we give is not solely for the tax deduction, right? So, with the tax implications in mind, how can we give? 1. Direct Donation. A gift of money to a charitable organization is always welcome,…
Several years ago, I wrote an article about charitable giving, and it began with the statement: “We are a generous group of people”. I believe this remains true. In so many conversations with friends and family, I still hear of giving to charitable organizations in many ways, including time, money, and other donations. Today’s article will be Part I of…
Many of us have thought about an estate plan and having some documents in place to help our family settle our estate after we pass away. Then life happens and we push that plan a little further down the list of “to dos.” Some of you have gone beyond thinking about it and have even had an appointment made to…
Unfortunately, we live during a time when financial scams are everywhere. Criminals target us with wide-ranging schemes through our cell phones, social media, and the mail. The ultimate goal is to steal money from us. We are well beyond the annoying phone calls from telemarketers at the dinner hour. Financial scams are wide – ranging, and the elderly among us…
I often have the question from clients: Is it a good idea to transfer our home to our children before we die? It is important to understand what is driving this question to help us better advise clients.I often hear that parents want to avoid probate, provide some inheritance to children and they hope to avoid the possibility of a…
In previous articles, we have stressed the importance of a completing an estate plan, one that is tailored for you and your family. We have explained the positive benefits of putting key estate plan documents in place and how to integrate your assets through retitling and beneficiary designations. By completing an estate plan, you and your family members are in…