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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
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 …
New Type of Corporation Gives Entrepreneurs OptionsRead More
One of the final steps in completing an estate plan is to review and revise beneficiary designation forms for retirement accounts and other assets. This article focuses on appropriately naming a beneficiary for a qualified retirement plan. Often times, the answer to the question: “who should be the beneficiary of my retirement account?” is not …
This summer promises to be a busy one for local construction projects. Commercial and residential projects are rapidly increasing in number. And, regardless of whether you are involved in a large commercial project, or looking to update or build a new home, the following practical tips and information will give you confidence when reviewing and …
If you are considering buying or selling only a part of an existing tax parcel of land, a new amendment to the St. Louis County Subdivision Ordinance that took effect last summer may affect what you can do. Before subdivision ordinances became common, landowners could divide their property virtually any way they pleased. All that …
With the Eighty-eighth Minnesota State Legislature adjourned until February 25, 2014, now is a good time to look back at some of the legislative changes from 2013 affecting businesses in Minnesota. Recovery of Unpaid Wages The Minnesota Supreme Court ruled in September of 2012, in Caldas v. Affordable Granite Stone, that the laws that give …
Minnesota law already requires home sellers to disclose all kinds of information about their home, such as the existence of wells, the existence of lead paint, the existence and design of septic systems, and any home defects or problems the seller is aware of. A new law in Minnesota, known as the Minnesota Radon Awareness …
Selling Your Home? New Radon Law Requires DisclosureRead More
In Minnesota, employers are generally responsible for the actions of their employees taken within the scope of employment. Thus, employers have incentive to train employees on how to correctly perform their job duties, how to interact with customers and other employees, and other aspects of employment. This article discusses how employers may be held liable …
Steps Employers Should Take to Minimize Liability for Employees’ ConductRead More
