Whether you are working with a friend, relative, or purely a business colleague, the idea of starting a business can be exciting. You have fueled each other's passion and creativity and come up with a plan for success. However, even though you may have come up with the idea together, becoming partners in the legal sense can be more complicated than many realize.
In the beginning, you may agree on your vision for the future, but that may change as time goes on. Here are some things you may want to consider before becoming business partners:
Employers across the state have all sorts of approaches to sick time, vacation time, and personal leave. Some leaves are paid, some are not. Some leaves are based in state law, others federal law and, in some cases, even city ordinance. So, what exactly is a Minnesota employee entitled to?
Whether a business owner opts to incorporate their company right away or after years of operation, creating a separate legal entity for the business offers many benefits. For those looking to incorporate in the North Star State, there are several essential steps:
While it is already law, starting August 1, 2019, police may conduct a traffic stop for anyone using their cell phones while driving, if the phone is not in a hands-free mode.
We've all been told to expect the unexpected. And as hard as it is to contemplate what might happen to our loved ones when we're no longer here, it is necessary to do so - especially for new parents. Having children is a "triggering event" when it comes to estate planning. If someone doesn't have a will already, they should create one when a new child enters their lives.
When it comes to estate planning, the biggest mistake anyone can make is to not create a plan at all. However, there are a few areas where people are often tripped up. Whether someone is creating the first version of their plan or they have had a plan in place for some time, they should keep these common mistakes in mind:
When a small business closes its doors, there are several processes owners should ensure they follow to wind up operations. For some, there will be few formalities and little paperwork. Others have legal obligations under state and federal law. In either case, the following basic steps provide a framework for any business owner looking to move on.
The problem: Our client, a veterinarian, approached us for help with a board complaint. A veterinarian from another clinic submitted the complaint to the Minnesota Board of Veterinary Medicine, falsely accusing our client of not giving her patients rabies vaccines.
