The SEC’s Associated Persons Rule
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, …
Category: Business Law
Defamation Defined
One of my goals in writing this blog has been to bring clarity to various legal concepts. My purpose in doing so is to help people understand that what they think is or should be legally so is not always …
Independent Contractor or Employee, That Is the Question (and the IRS Has An Answer)
Being a small business owner with employees is tough. Fighting through a myriad of employment laws – the Americans With Disabilities Act , the Fair Labor Standards Act , the Family and Medical Leave Act , and the list goes …
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Unjust Enrichment Claims: “Plan B” for Unperfected Mechanics Lien Claims
I work with a number of contractors in my practice, especially in the area of filing and foreclosing mechanics lien claims. Mechanics lien laws were created in order to ensure that laborers and materialmen were paid for the improvements made …
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The Basics of Premium Financing
A few months back I had the privilege of sitting down to breakfast with my good friend (and member of my BNI “extended family), Jim Bear . Jim is a financial advisor with J. Alan Financial in Maple Grove and we had …
Minnesota’s New Angel Tax Credit
The State of Minnesota has long been criticized by those in the business development field for its inability to complete with surrounding states with economic incentives for businesses to locate or expand there, as well as incentives and financial incentives to …
What Every Business Owner Needs to Know Before Starting a Lawsuit
Even though my practice focuses mainly on business and real estate transactions, I have been involved with enough litigation work – and I still have to manage my clients’ expectations on litigation matters handled my colleagues – to know how …
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Small Business Resource Expo – April 29, 2010
Last night was the Small Business Resource Expo at the Ramada Mall of America – Airport in Bloomington, Minnesota (which I affectionately call “the hotel formerly known as the Thunderbird). The Expo, hosted by New Business Minnesota , featured several exhibitors …
Ten Common Mistakes Self-Directed IRA Investors Make
I work with a lot of entrepreneurs and real estate investors who are utilizing self-directed IRAs as a financing mechanism. Contrary to what some professional advisors believe, self-directed IRAs are legal under the Internal Revenue Code. That does not mean, …
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The Internet Does Not Make a Good Business Attorney
Entrepreneurs are smart people. They create new and exciting business concepts and work tirelessly to bring these concepts to market and reap the rewards. Sometimes, though, entrepreneurs are too smart, so smart that they become foolish. They become foolish when …
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