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…
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’s article, we will cover Best Practices #7-12. Best Practice #7- Compliance is key to…
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 article, we will cover Best Practices #1-6, and in a later article, we will cover…
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 decrease in the Minnesota estate tax exemption from $3.0 million to $2.7 million. Estate taxes,…
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 register an entity. When a client creates a new business entity, they…
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/limited liability partnerships. An annual renewal is also required for assumed names and foreign registrations for out-of-state entities.…
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 Directors. The mission of Cass Co EDC is to attract and retain businesses in Cass…