Insights

Proving a Non-Marital Claim May Not Be As Hard As You Think
In Minnesota, if a divorcing party is able to prove that property is that individual\'s \"non-marital\" property (i.e., was brought into the marriage or was a gift or inheritance to one but not both of the parties), that property is typically not subject to ...Read More

Lawsuit Over Sale of Life Time Fitness
A lawsuit that was filed in Minnesota on April 10 alleges that the CEO of Life Time Fitness is working with a consortium to purchase the company that he owns. The business litigation involves allegations that the CEO of Life Time Fitness has a ...Read More

Choosing the Right Facility for the Business
Entrepreneurs in Minnesota might benefit from learning more about some of the factors involved in identifying properties capable of supporting the operations of a business. There are several variables for business owners to consider before signing a contract to lease a building or facility. ...Read More

Avoiding Liability From Business Legal Errors
Small business owners in Minnesota sometimes make legal errors that may expose them to significant liability and the potential for thousands of dollars in losses. These errors are preventable and correctable, and it is important that people understand them so they can avoid them ...Read More

Buy-Sell Agreements Help Businesses Survive Divorce
Few events can set a business back as quickly as a divorce involving one if it owners. Whether the business is a farm, manufacturing company, medical or dental practice, or other professional practice or business, a divorce and efforts related to getting the parties ...Read More

Negotiating a Settlement with the IRS
People in Minnesota who owe back taxes may be able to settle their debt with the Internal Revenue Service for less than what they owe. Individuals who meet certain requirements may qualify for the Offer in Compromise program. However, an Offer in Compromise might ...Read More

Minnesota’s New Limited Liability Act
According to reports, new legislation signed by the governor of Minnesota on April 11 will affect the operation and formation of limited liability companies. The new legislation that was adopted is called the Minnesota Revised Uniform Limited Liability Company Act. By adopting the new ...Read More

The Legal Implications of Running a Family Business
Many small businesses in Minnesota are owned and run by families. It is worth noting that there are multiple regulations that affect family businesses. A business may be taxed differently depending on how the business is structured and whether or not family members are ...Read More

The Importance of Clearly Written Contracts
Most business owners in Minnesota would consider it unwise to enter into an important agreement without first having it scrutinized by an attorney, and even those who proceeded without legal advice would likely insist that the agreement be put into writing. However, the dockets ...Read More

What Types of Mergers Are There?
Minnesota entrepreneurs and investors who wish to make a new business by combining existing businesses into a more efficient and profitable company may consider seeking a merger with another venture. In general, most mergers can be placed into one of five different categories.
These merger ...Read More