– 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....
Filter By:
In general, the answer to the title question is yes, your trust can own your business after you die. However, there are a number of considerations that may impact the answer to this and the following questions. One consideration is the type of business interest you own. Is your business...
As mortgage rates rise to their highest level in decades, potential home buyers face higher financing costs; some potential buyers are being priced out of the market. In many cases, the interest rate on the seller’s existing mortgage is approximately half of the interest rate that the buyer might obtain...
If you are reading this, you are probably a Supplemental Nutrition Assistance Program (SNAP) retailer who has recently received a Charge Letter from the United States Department of Agriculture (USDA). The beginning of the Charge Letter probably looks a lot like what you see below. Receiving this Charge Letter will...
The U.S. Department of Labor has issued a new proposed analysis test for identifying workers as employees or independent contractors under the Fair Labor Standards Act. The modified analysis aims to increase the number of U.S. workers covered by employment benefits and protections. The new analysis would add emphasis to:...
The Hellmuth & Johnson HOA practice group will delivered our annual Fall Seminar on November 5th. Topics included: Recent Cases in Homeowner Association Law Rules that Should Come with Excedrin® (For All the Headaches They Cause) Good Rules that Come Without Excedrin® (These Rules Should Cause No Headaches) Presenters included:...
When someone passes away (referred to as a “Decedent”), it can often be a confusing and frustrating process to collect their assets, especially if you are told that you will need to go through a probate to do so. Assets of the Decedent with surviving joint owners or surviving beneficiaries...
A cooperative is a type of community association not entirely unlike a condominium or a townhome association. Coops that were created on or after June 1, 1994 are subject to the Minnesota Common Interest Ownership Act (“MCIOA”) and are required to have a declaration and bylaws, along with any rules...
What did you want to be when you grew up? Growing up I wanted to be a paleontologist or an archaeologist. When did you decide you wanted to be a lawyer? I decided to attend law school after volunteering for a political candidate while attending undergrad at DePaul University in...
On June 26, 2021, the world watched as Derek Chauvin was sentenced to 22.5 years in prison for the second-degree unintentional murder, third-degree murder, and second-degree manslaughter of George Floyd. Not even a year later on February 18, 2022, the world watched again as former police officer Kim Potter was...
You are the Chosen One: the nominated Personal Representative in a close friend or family member’s Will (or perhaps you are a grieving spouse or adult child whose spouse or parent passed away without a Will). Over the weeks and months following that person’s death (the Decedent), you arrive at...