– 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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During this pandemic, I want to encourage all business owners to adopt a new mantra: Is i magen It’s a Swedish phrase meaning “ice in the belly” and (roughly translated) reminds us to keep our cool in the face of crisis. This is especially important in the case of businesses...
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COVID-19, or the novel “Coronavirus,” has officially taken over our personal and professional lives. And due to its sweeping effects, we have seen dramatic and unprecedented actions being taken by our local, state and federal governments to limit its spread with the hope of maintaining some type of normalcy during...
We had been planning it for months. Everything was in place. Just three weeks to go before my daughter’s wedding. Then, like so many people around Minnesota, we got word that COVID-19 has claimed our event as a victim. In the aftermath of the cancellation, I was quite surprised by...
A complimentary webinar replay for healthcare IT professionals and in-house counsel presented by Raymond R. Bonnabeau of Hellmuth & Johnson In Ray’s experience, organizations acquiring technology in support of their primary services often find themselves saddled with non-performing (or under-performing) technology and little post contract leverage. Without adequate terms in...
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On January 28, 2020, the US Department of Housing & Urban Development (HUD) issued its “Assistance Animals Notice” (Notice). The Notice includes two attachments: The first attachment recommends a set of best practices for housing providers (including homeowners associations) to better ensure compliance with the Fair Housing Act (FHA) in...
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I have lost track of how many times I have been told by the president of an association, “We haven’t had to raise dues in five years.” It’s usually said with great pride. And then I burst her bubble. Managing expenses is of course a primary objective for association boards,...
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I recently had a conversation with an insurance agent who acknowledged he “didn’t deal much with homeowners associations.” His client lived in an association, and had suffered damage within his townhome that the agent thought should be covered under the association’s master insurance policy. He believed that, if a declaration...
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If the nights are getting chillier, the leaves are beginning to change color, and kids have gone back to school, what season is it? Fall? Nope. It’s budget season! Since most associations’ fiscal year coincides with the calendar year, many associations are in the throes of planning and budgeting for...
A Transfer on Death Deed (TODD) is a Minnesota real estate document that transfers property upon death. Similar to a named beneficiary on a life insurance policy, upon the death of an individual, a TODD will automatically transfer real estate to a beneficiary without having to go through probate. Sounds...
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Trademarks are one of the most overlooked assets of any organization. A trademark is the way that customers remember and find your business, yet many owners do not take an easy step available to protect that important resource. Under US law, a company or individual has the right to a...