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, …
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 …
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 …
Independent Contractor or Employee, That Is the Question (and the IRS Has An Answer) Read more »
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 …
Unjust Enrichment Claims: “Plan B” for Unperfected Mechanics Lien Claims Read more »
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 …
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 …
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 …
What Every Business Owner Needs to Know Before Starting a Lawsuit Read more »
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 …
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, …
Ten Common Mistakes Self-Directed IRA Investors Make Read more »