The 2016 Legislative Session will be the second act of the 89th Minnesota Legislature. In order to anticipate what policies, issues, and local projects are likely to be addressed during the 2016 Session, we need to understand what did and did not happen during the chaotic 2015 Session. After the dust settled and the 2014 …
CRAFT BREW CRAZE
With microbreweries springing up all across Northern Minnesota and Wisconsin, craft beer is something very familiar to folks in the Northland. Drawing from the area’s superb brewing waters and its firmly-rooted craft beer culture, craft breweries in the Northland are making impressive beverages, and impressive names for themselves. These local breweries are riding a national …
Minnesota Adopts New Law Affecting LLCs
A limited liability company or “LLC” is a form of business entity often used to hold business or investment assets, particularly if the asset presents some financial risk to the owner. For example, an individual purchasing a duplex to rent out might set up an LLC to hold title to the duplex in order to …
Mineral and Mining Law in Northeastern Minnesota – a primer on state mineral policy, mineral rights and leasing
The combination of ferrous and non-ferrous mineral and mining resources have long made Northeastern Minnesota a mining powerhouse. Minnesota has been a leading producer of iron ore and taconite for decades. Large quantities of Minnesota’s high grade ferrous mineral resources were mined over time, but substantial quantities of lower grade iron ore remains. New technologies …
2015 Workplace Issues
By: Donald C. Erickson, Senior Counsel, Fryberger, Buchanan, Smith & Frederick, P.A., Certified Labor and Employment Law Specialist by the Minnesota State Bar Association As we move into another new year, employers face increased and new workplace challenges to stay abreast of the ever-changing employment laws, to avoid the costs of non-compliance, including working time …
Piercing the Corporate Veil – Does Your Entity Shield You From Personal Liability?
For those who operate or plan to organize a small business as a corporate entity or limited liability company (LLC), the goal is to shield oneself and other stakeholders from personal liability for debts of the business. Many clients ask: “How do I know that I am actually protected?” The truth is, under certain circumstances …
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Tax Increment Financing (TIF): What is it and how does it affect new developments?
If you have walked in downtown Duluth in recent months, you may have noticed the two large tower cranes swinging impressively overhead. You may have wondered, how do developers pay for such expensive projects, or why did they choose this location? Of course, financing for such projects is complex and comes from many sources, but …
Tax Increment Financing (TIF): What is it and how does it affect new developments?Read More
New Type of Corporation Gives Entrepreneurs Options
Until now, socially-minded startup entrepreneurs had two choices for their new company: (1) a for-profit corporation or LLC; or (2) a non-profit corporation. Unfortunately, neither choice is ideal if the entrepreneur expects some return on investment, but wants the new company to also provide a social benefit. Non-profit corporations cannot provide a return on investment …
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