– 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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Your retirement account may be one of the most valuable things you own. Many people consider naming their children as the beneficiaries of these accounts because they think it is a way of easily transferring their wealth if something happens to them. However, there are several factors that make this...
The legislature enacted new spousal maintenance statutes that will take effect August 1, 2024. The first real change is that temporary or rehabilitative maintenance is now called “transitional,” and permanent maintenance is now called “indefinite.” These are more fitting labels, and it’s how I’ve explained the two types of maintenance...
The countdown begins for the 2024 elections. During this time, homeowners and community associations should be familiar with two state statutes that impact homeowner ability to display political signs and when a political candidate may enter a community association to campaign. Political Signs Minnesota Statutes Section 211B.045 identifies when noncommercial...
Many contractors have been closely monitoring the status of a bill that sought to dramatically expand the criteria regarding employee misclassification in the construction industry and add new penalties for incorrectly claiming workers as independent contractors. Originally known as House File 4444 (“HF 4444”), this bill emerged with great momentum...
Minnesota creates uncertainty among employers with its recent enactment of a near-blanket ban on non-solicitation provisions that restrict customers’ ability to directly hire workers placed on their jobsites. The new law (Minn. Stat. § 181.9881) is set to take effect on July 1, 2024. Various business groups, including association-management companies,...
The recently passed cannabis omnibus bill incorporated major changes to the laws around recreational cannabis licensing, but it also included significant changes to the law currently regulating the current low-dose, hemp-derived products (Minn. Stat. 151.72 ). Here are three major changes that go into effect io July 1, 2024: The...
When it comes to federal taxes, most people are very aware of the federal income tax because, if they earn a paycheck, they cannot help but notice the deductions each pay period. But there are lesser-known taxes such as the capital gains tax (a form of income tax), the estate...
Spousal support, spousal maintenance, or alimony can be a complicated process. While every state has its own unique set of laws and standards regarding spousal maintenance, understanding how Minnesota handles this process after a legal separation is essential for those going through a divorce, especially in high-income families. Going into...
It is important for employers to be aware that a recent National Labor Relations Board (NLRB) decision has significantly changed the required response to a union demand to bargain or request for recognition. The Cemex Construction Materials Pacific, LLC v. NLRB case, issued in August 2023, is a dramatic departure...
The Federal Trade Commission (FTC) creates uncertainty in the U.S. labor market with its recent announcement of a near-blanket ban on non-compete agreements. This bold move is intended to increase worker mobility and competition. The new rule is set to take effect in approximately 120 days, or around August 20,...