– Legal Insights –
When a professional forms, operates, or transfers a firm, compliance requires more than simply following the laws governing corporations, limited liability companies, or limited liability partnerships. If the firm provides certain professional services, it may also be subject to the Minnesota Professional Firms Act (“MPFA”), codified at Minn. Stat. ch....
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No one wants to pay more taxes than they have to. To carry out this objective, many people search for the perfect estate planning tool that will allow them to control as much of their money and property as possible while reducing the amount they or their loved ones will...
Recent developments in Minnesota’s tax law have opened up new opportunities for child care centers to qualify for property tax exemptions. This article examines the key requirements and implications of this change, focusing on the recent Under the Rainbow Early Educ. Center v. County of Goodhue case. Key Takeaways Child...
In the recent case of Galaxy Wireless, LLC v. Western National Mutual Ins. Co., 8 N.W.3d 698 (Minn. Ct. App. 2024), the Minnesota Court of Appeals addressed significant issues surrounding insurance coverage and contractual obligations. This case is particularly relevant for businesses navigating the complexities of insurance claims and liability...
We are now over a month and a half past the closing of the application window for social equity applicants to apply for pre-approval of cannabis licenses from Office of Cannabis Management. The burning question is: when will people know if their application was accepted into the lottery? We do...
There is new Minnesota contract for deed legislation passed in the last legislative session that went into effect August 1, 2024, impacting both buyers and sellers. A contract for deed is where a buyer purchases real estate by making payments to the seller over time, instead of paying the full...
On August 20, 2024, Judge Ada Brown, a Texas federal judge, issued an order halting the Federal Trade Commission’s (“FTC”) worker non-compete rule. The court order prevents the FTC ban from taking effect on September 4, 2024. Judge Brown’s order says that the FTC lacks statutory authority to promulgate the...
When you pass away, your estate may need to go through the probate process before your beneficiaries can receive their inheritance. This can happen if you own property (like a house, car, bank account, investment account, or other asset) in your name only. Although having a will is a good...
The National Association of Realtors (“NAR”) proposed settlement agreement[1] (the “Agreement”) in Burnett, et al. v. NAR, et al. requires NAR and its members to implement certain practice changes no later than August 17, 2024. One of the major terms of the Agreement is that “all REALTOR MLS Participants working...
Married couples love each other and want the best for each other. Establishing a comprehensive estate plan is one way to provide the best for each other. Not only does an estate plan protect you when you are unable to care for yourself during your lifetime, but it also protects...
The Office of Cannabis Management (“OCM”) finally released its draft rules for regulating the cannabis and hemp industry, which can be found on OCM’s website. These are not the proposed rules OCM will submit as part of the formal rule-making process, but rather the precursors to those proposed rules. To...