Employers face great uncertainty with respect to payment of overtime right now. New regulations from the U. S. Department of Labor were to raise the salary requirement for exempt employees to $47,476 on December 1, 2016. However, a federal district court judge in Texas imposed a nationwide injunction halting implementation of the new regulations. We …
Successor Liability: A Key Consideration for Business Acquisition Planning
When one business acquires the assets of another, the question arises of whether the acquiring business will be liable for the legal obligations of business that it acquired. This implicates the question of successor liability, which involves the competing interests of compensating injured parties for harm caused by the acquired business entity and protecting the …
Successor Liability: A Key Consideration for Business Acquisition PlanningRead More
2016 Election Preview
The 2016 campaign season has been one of the most tumultuous in modern history, and as the day of decision approaches, the races are overheating with no improvement in the overall tone. The Democratic and Republican presidential nominees are the two most unpopular candidates in memory, and the result has been an ugly, negative, attack-based …
NEW SALARY REQUIREMENT FOR EXEMPT EMPLOYEES
Employers should be aware of a massive change to the Fair Labor Standards Act (“FLSA”). Everyone generally understands that exempt employees are paid an annual salary with no overtime for hours worked over 40 in a week, and non-exempt employees are paid an hourly wage or salary, but are entitled to overtime at 1 ½ …
New Salary Requirement for Exempt Employees
Employers should be aware of a massive change to the Fair Labor Standards Act (“FLSA”). Everyone generally understands that exempt employees are paid an annual salary with no overtime for hours worked over 40 in a week, and non-exempt employees are paid an hourly wage or salary, but are entitled to overtime at 1 ½ …
To Avoid a Void Foreclosure by Advertisement, Strict Compliance is Best
Lenders often secure repayment of loans by taking a mortgage on real estate owned by the borrower. If the borrower becomes unable to repay the loan, the lender may foreclose the mortgage and take back the property. In Minnesota, there are two ways to foreclose on real estate: by action and by advertisement. (Wisconsin only …
To Avoid a Void Foreclosure by Advertisement, Strict Compliance is BestRead More
Disclosures in Residential Real Estate Transactions
Regionally, spring is a busy time for residential real estate transactions. It is a time when many home sellers decide to list their property, and buyers often step up their intensity when searching for a new home. Some of the most common inquiries real estate attorneys receive, especially at this time of year, relate to …
Disclosures in Residential Real Estate TransactionsRead More
Growing Trend: Use of Tax Abatement for Economic Development and Public Facilities
Tax abatement is an economic development tool for communities that appears to be gaining in popularity in recent years. First authorized by the Minnesota Legislature in 1997 as an alternative to TIF, tax abatement allows a city, town, county, or school district to abate all or a portion of its property tax on a parcel …
Growing Trend: Use of Tax Abatement for Economic Development and Public FacilitiesRead More
