– 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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Could a Standard Choice of Forum Clause in an Agricultural Loan Document Subject Your Bank to a $2,500.00 Penalty? While care must always be employed when drafting loan documents, a bank must be extra diligent in preparing appropriate documents when the loan proceeds will be used for agricultural purposes. There...
Moore About the World: Wherever geo-politics and business strategy crash into history, most of this has happened before. Adding his unique brand of wit and wisdom to his problem-fixing experience as a veteran lawyer, Terry Moore mines the past to find straight answers to complicated questions. How can the North...
Moore About the World: Necessary Compromise – The Good Old Days? Wherever geo-politics and business strategy crash into history, most of this has happened before. Adding his unique brand of wit and wisdom to his problem-fixing experience as a veteran lawyer, Terry Moore mines the past to find straight answers...
Moore About the World: A Little Bit About Big Banks Wherever geo-politics and business strategy crash into history, most of this has happened before. Adding his unique brand of wit and wisdom to his problem-fixing experience as a veteran lawyer, Terry Moore mines the past to find straight answers to...
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The 2016 Minnesota State Legislature passed some amendments to the 2015 “Buffer Law” that was a cornerstone of Governor Dayton’s agenda. In general, the law requires landowners to create buffers on land that is adjacent to public waterways in order to minimize the amount of runoff getting into public waterways....
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Valuation Discounts For business owners who intend to make lifetime transfers of part of their closely-held entity interests to their descendants, there is a vanishing opportunity for discount planning over the next few months. The IRS, in Prop. Treas. Reg. §25.2704 issued August 2, 2016, is implementing further restrictions that...
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“[L]et us resolve to continue embodying the American spirit that no act of terror can ever extinguish.” President Barack Obama, Sept. 10, 2015 It has, remarkably, been 15 years since the horrific terrorist attacks of Sept. 11, 2001. Claiming nearly 3,000 lives, the terrorism changed the country and the world...
It is common practice for landlords to screen prospective tenants, and many associations require owners to conduct background checks before leasing units in common interest communities. Credit reporting agencies offer inexpensive tenant screening services that compile credit information, residential history, employment history, and public information regarding judgments, bankruptcies, evictions and...
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The Who, When, and What of Ensuring Your Company is Compliant In April 2014, Minnesota joined several other states in adopting a version of the Uniform Revised Limited Liability Company Act (the “Revised Act”). The Revised Act, although not fundamentally altering the nature of Minnesota LLCs, represents a substantial overhaul...
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After 32 years, Chief Bankruptcy Judge Gregory F. Kishel is retiring on May 31, 2016. He started as a parttime Bankruptcy Judge in May 1984 serving in Duluth, Minnesota. He was appointed to a full-time bankruptcy judgeship in St. Paul in 1986. It was a period of transition and turmoil....