– 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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The COVID-19 pandemic has impacted our world in dramatic ways – from the workforce shifting to working from home to skyrocketing unemployment numbers. Many owners and C-Suite execs have had to make tough decisions about the future of their business, not to mention that a recession may also be on...
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As we are all well aware by now, Governor Tim Walz issued Emergency Executive Order 20-20 on March 25, 2020, and that order has just been supplanted, as of April 8, 11:59 P.M., by Emergency Executive Order 20-33. Order 20-33 adds a few exceptions to the stay-at-home rule stated in...
Coronavirus disease 2019 (“COVID-19”) has become a global pandemic, and Minnesota’s efforts to contain the spread of the disease are directly impacting commercial landlords and tenants. As of the date of this writing, Governor Tim Walz has issued Executive Orders closing bars, restaurants, and other places of public accommodation (see...
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Disorienting. Fluid. Challenging. All apt words to describe the past weeks. As if it’s not hard enough to keep up and interpret what executive orders and emergency legislation mean for you, your family, and your business, all of us are unfortunately vulnerable to profiteering and fraud in times like these....
Due to the current COVID-19 pandemic and the Emergency Executive Orders issued by Governor Walz relating to the pandemic and requiring Minnesotans to “Stay at Home,” the State of Minnesota is offering two loan programs to small businesses negatively affected by the situation. A summary of each of these loan...
On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act was enacted. CARES is an economic relief package promulgated in response to the COVID-19 pandemic. The CARES Act provides Federal economic stimulus to small businesses through the Paycheck Protection Program (the “PPP”), a loan program designed to...
UPDATE 03/27/20: After publishing the content below, Gov. Tim Walz has specifically stated that employees do not need to carry any form of letter or other documents. Read the full FAQ section HERE. Construction “of all kind” has been listed as a Critical Sector and exempt under the recent Stay...
Minnesota’s Shelter in Place Order was issued today, March 25, 2020, by Gov. Tim Walz as Executive Order 20-20. It will take effect on March 27, 2020 at 11:59 p.m. and will run through April 10, 2020 at 5:00 p.m. In general, construction businesses are classified within the “Exemption –...
Please note: This information is updated as of April 10, 2020 The COVID-19 pandemic has created a whole new set of issues that community associations must now deal with for the first time. Although the situation is fluid and is constantly changing, here are some things to keep in mind...
The United States Small Business Administration (“SBA”) and the State of Minnesota are making disaster relief loans available. Here is the link to the SBA website: https://disasterloan.sba.gov/ela/ This is a direct loan from the SBA, and the application is online and the website above. These loans do not go through...