– Legal Insights –
For many business owners, their business is one of the most valuable and important things they own. When it is time to sit down and create an estate plan, it is critical that business owners plan for their business just as they would plan for their home or finances. Effective...
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With a new year, comes a new round of taxes. Property owners will have received their 2021 property tax valuations payable in 2022 in January, and for some it may be a shock to see how much property taxes have risen over the last year. But fear not, for Minnesota...
As a general matter, Minnesota non-compete law does not care what type of employee you are. If the agreement is supported by adequate consideration, protects a legitimate business interest, and is reasonable in geographical and temporal scope, it will be enforceable. That being said, experience has shown that certain categories...
We have received questions on the tax consequences of the Paycheck Protection Program (PPP) loans that clients have taken out in connection with the coronavirus (COVID-19) crisis. Many of these loans have been subsequently forgiven. The rules are complicated but here is a summary: An eligible recipient may have a...
“Technology now allows people to connect anytime, anywhere, to anyone in the world, from almost any device. This is dramatically changing the way people work, facilitating 24/7 collaboration with colleagues who are dispersed across time zones, countries, and continents.” –Michael Dell, Dell Technologies. Prior to the COVID-19 pandemic, many people...
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One of the primary goals of estate planning is to avoid the need for assets to go through probate. If done correctly, considerable time and expense may be avoided. To help achieve this, the legislature created Transfer on Death Deeds (TODDs), which allow for the transfer of real property outside...
Generally speaking, employee restrictive covenants in Minnesota are enforceable only to the extent that their scope – in terms of both time and geographic area – is “reasonable.” But what does “reasonable” mean? As with most difficult legal questions, it depends. As will be discussed below, courts will look closely...
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On January 1, 2021, the Minneapolis Freelance Worker Protections Ordinance went into effect. The City’s objective with the Ordinance is to prevent wage theft from freelance workers or independent contractors. The Ordinance requires businesses (including digital network-based entities) using freelance workers or independent contractors within the geographical boundaries of the...
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Did you migrate south to Florida for the winter? Did you forward your mail, pause your newspaper subscription, set your bills to auto-pay and pack your bags? Did you consider that while your toes are stuck in the sand, you might be stuck with a lawsuit? Leaving your home state...
This has clearly been a difficult year for many of us. Financial relief got hung up in congress and has finally been approved. Whether there is additional relief approved after the change in administration is yet to be determined. Here is an overview of key provisions in the recent COVID...
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On January 1, 2021, State wide minimum wage increases will take effect. The Cities of Minneapolis and Saint Paul also have their respective minimum wage increases effective July 1, 2021. Employers must comply with the State or City minimum wages and pay their employees accordingly. Failure to comply with these...