I counsel a lot of clients and potential clients who have fallen behind on a mortgage. Some of these are homeowners and many of them are investors who have fallen on hard times with rental properties. There are a number …
A few months back, my partner and I collaborated on an article regarding the asset protection benefits of limited liability companies. In that article, we discussed a significant difference for creditors’ remedies in pursuing a debtor’s equity interests in business entities, particularly …
Asset Protection and Limited Liability Companies, Revisited Read more »
As some readers of this blog know, for the past year, I have had the privilege of presenting the “Legal Minute” on the Real Estate Radio Hour each Saturday at 10 am on WCCO Radio 830 AM. The show, hosted by …
Real Estate Radio Hour Legal Minutes – January 2011 Read more »
Life insurance can be a very valuable planning tool for business owners. Some employers purchase so-called “key person” life insurance for key executives and/or other personnel who would be difficult to replace. Additionally, amongst co-owners, life insurance can be used to …
Tax Issues With Employer-Owned Life Insurance Contracts Read more »
My wife and I have what’s called a “mixed marriage” in Minnesota; I’m a Minnesota Vikings fan and my wife, being a Wisconsin native, is a fan of the archrival Green Bay Packers. In fact, her parents even live in …
Perhaps the foremost advantage and justification for the formation of a business entity such as a corporation or limited liability company (“LLC”) is the fact that the personal liability of the entity’s owner(s) is limited to the amount invested in …
Respecting Your Business Entity: How to Minimize the Risk of a Veil Piercing Claim Read more »
Ask the owner of any startup business venture what his or her biggest hurdle is and 9 out of 10 will say “raising money.” Even in a good economy, most lenders are hesitant to risk their capital on new ventures, …
Earlier this year, former Minnesota Governor Arne Carlson made the news over a flap in his Florida condominium association. Apparently, Governor Carlson ran for the Emerald Pointe Condominium Association’s Board of Directors in a rather contentious manner. Things apparently became so nasty …
This past weekend, I had the opportunity to address a MetroNorth Chamber of Commerce gathering of new and potential business owners. The topic? “How to Market Your Business Via Social Media – Legally.” As an attorney whose main areas of practice are …
Contracts for deed are back in style as a method of financing a real estate transaction. A contract for deed is seller financing. Instead of a third party lender financing the buyer’s purchase of a piece of property from the seller, the …
Five Top Tips for Contract for Deed Transactions in Minnesota Read more »