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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 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...

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...

Estate planning can be a significant part of successful financial management, especially for married couples. One key consideration is minimizing estate taxes, which can substantially affect the distribution of money and property to a married couple’s loved ones. What Are Gift and Estate Taxes? In 2024, a $13.61 million federal...