Minnesota’s 91st Legislature is set to return for the second year of the biennium on February 11th. The interim between the budget year (2019) and the bonding year (2020) is typically a little quieter than the election offseason, but that has not been the case in 2019. Turmoil at the state’s largest agency, the Department …
Recordkeeping Rules for Minnesota Corporations and LLCs
It goes without saying that thorough recordkeeping is good corporate governance. However, some businesses may not know that it is also the law. Corporations and limited liability companies (LLCs) that are organized under Minnesota law must maintain certain records and allow their shareholders or members to access the records upon request. This article briefly outlines …
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Qualifying Under New FLSA Exemptions
A. Why is the FLSA so Important Wage and hour law present a unique challenge to the legal or HR practitioner. The rules were developed in the Great Depression of the 1930’s where most employees were paid for physical labor, but now the rules must be applied in situations not anticipated by the regulators …
State and Local Entities Help Wisconsin Businesses and Nonprofits Grow
Many state and local entities operate to assist businesses and nonprofits to develop and grow. In Wisconsin, some of the major state entities include the Wisconsin Economic Development Corporation (WEDC), the Wisconsin Health and Educational Facilities Authority (WHEFA), the Wisconsin Housing and Economic Development Authority (WHEDA), and the Wisconsin Economic Development Association (WEDA). Examples of …
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Keeping the Cabin in the Family
In August, the sunsets arrive sooner, Labor Day appears on the horizon, and–in my family–we start making plans to eventually close up our family cabin for the winter. At our cabin, we have a three-ring binder we call, “The Book.” “The Book” contains three generations of instructions on how to open the cabin in the …
2019 Legislative Session Recap
The Minnesota Legislature utilized a one-day special session to pass a two-year state budget, a testament to comprise for the nation’s only divided Legislature. This article will examine the new leadership dynamics that led to the agreement, review the budget, address policy that did and did not become law, and look to what the 2020 …
FORE! Avoiding a Legal Hazard in Minnesota Golf Law
Even devoted readers of the Business Law Column may be unaware that May is golf month in the BLC; but, it’s right there in the BLC bylaws. While little, if any, BLC space has been dedicated over the years to the convergence of law and golf, the two do come together from time to time. …
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Finding Opportunity in Opportunity Zones
You may have heard of Opportunity Zones. But, like all things connected to taxes, it can be hard to figure out just what Opportunity Zones are and what actual opportunities they present. Qualified Opportunity Zones were created by the Tax Cuts and Jobs Act in 2017, and the IRS recently issued proposed regulations that give …
