Inside this issue: A Lender’s Duty to Report Cancellation of Indebtedness Income Effective Risk Management of Participation Loans—FDIC Issues New Purchased Loan Financial Institution Letter Advisory New LLC Statue—A Free Webinar Read Full Newsletter

Soybean Business Magazine, Minnesota Soybean (January 2016)—Minnesota’s Riparian Protection and Water Quality Practices law, the so-called buffer law, was enacted in June 2015. Affecting an estimated 110,000 acres of land, much of it farmland, the law represents one of the most sweeping environmental regulations directly affecting Minnesota’s farmers. Read Full Article

Banking and real estate problems of recent years may be fresh in the minds of Minnesota residents. Those involved in commercial real estate activity may want to be aware of banking regulators’ plans to pay closer attention to lending activity in 2016. A Dec. 18 announcement noted that there is a high level of concern...

Minnesota, as with many other states, has laws that protect residents from deceptive trade practices. Deceptive trade practices are those that either restrain trade or attempt to provide incorrect information to consumers. For example, it is illegal for car dealerships to adjust a vehicle’s odometer to make it appear as though the automobile has lower...

As most commercial real estate brokers in Minnesota understand, most of the software platforms used by the commercial real estate market are outdated and clunky. With leasing agents and brokers needing to spend a large amount of time out in the field showing properties, this outdated technology means wasted time and long hours in the...

When Minnesota entrepreneurs are starting a company, it is important that they create a business plan. A good business plan can serve several purposes. It can help owners determine what their goals are and how to meet them, and a plan can also help them obtain funding for their venture. For a business plan to be successful,...

Building credibility and offering products or services that are in demand are only two factors that make an online business successful. Many Minnesota entrepreneurs might think that success comes naturally because creating an online business is easy. In reality, success only comes with proper business planning and avoiding common mistakes. One mistake is not having...