Congress enacted the Corporate Transparency Act (“CTA”) as part of the 2021 National Defense Authorization Act. The purpose of the CTA is to create a database of Beneficial Ownership Information (“BOI”) maintained by the federal government. The purpose is to …

Ten Things to Know About the Corporate Transparency Act Read more »

I recently appeared as a guest on Julie Keyes’ “Poised for Exit” podcast to talk about some forced exits from a business where there was no clear exit strategy. We talked about “Texas Shootout” clauses as well as statutory actions …

Exiting a Business the Hard Way: Horror Stories from a Business Lawyer Read more »

  The Minnesota Revised Uniform Limited Liability Company Act, codified as Minnesota Statutes Chapter 322C, was passed by the 2014 Minnesota Legislature and signed into law by Governor Dayton on April 11, 2014.  The new Act became effective as of …

If You Have a Minnesota Limited Liability Company Formed Before August 1, 2015, You Need to Read This Read more »

About half the practice of a decent lawyer consists in telling would-be clients that they are damned fools and should stop -Elihu Root The Minnesota Vikings have the distinction of being one of the few professional sports teams to have …

The Art of Contract Negotiation aka Where Ragnar Went Wrong Read more »