Taking over a family business shifts your role from a passive heir to an active leader. As fourth-quarter planning nears, new leaders face tight deadlines to align the company's legal requirements with its long-term goals. Securing an inherited business takes quick...
Business Law
Divorce and the family business: navigating marital property agreements in Wisconsin
Wisconsin's equal division presumption is straightforward: most assets, including a family business, are split 50/50 at divorce. Marital property agreements exist specifically to change that default, and for business owners, using one can be the difference between...
When is regulatory approval required in Minnesota mergers/acquisitions?
If you are planning to grow your Minnesota business through a merger or acquisition, your likely focus is on strategy and financial benefits. At the same time, some rules and approvals could affect your timeline and the smooth progression of the deal. Knowing when...
Protecting Your Minnesota Business from the Noncompete Ban: A 2026 Strategy
The end of the first quarter is a time for Minnesota business owners to make sure they have everything they need in place to protect their business interests. Without traditional noncompete agreements as a backstop, it is especially important to confirm that other...
How can an executive breach their fiduciary duty?
Executives help create and grow businesses. Their role is one of implied trust, which is why they have a fiduciary duty to the organization. A fiduciary duty is a very high legal standard of personal responsibility. An executive generally has to act in the best...