As we are approaching the end of the year, we want to remind you of the requirement to file a Beneficial Ownership Information Report (BOIR) under the CTA. The BOIR must be filed by a domestic reporting company, which is defined under the CTA as an entity that is a...
Firm News
The Latest Word on Noncompete Agreements
Last summer, we reported to you that—as of July 1, 2023—Minnesota state law would prohibit, with few exceptions, future noncompete agreements between employers and employees, regardless of income, title, or role. However, all previously existing noncompetes would...
Tax Deductions for Home-Based Businesses
The rise of home-based businesses represents a fundamental shift in the way Americans work. Home businesses offer their owners a convenient and flexible way to earn income without commuting to a traditional office. They may also qualify for tax breaks in the form of...
Cannabis: Does Your Business Need to Update Its Policies and Practices?
Over the last few decades, marijuana (aka cannabis) laws across the United States have become increasingly more permissive. In 1996, California was the first state to allow medicinal cannabis.[1] In 2012, Colorado and Washington approved legal recreational...
Hiring Family Members to Work for Your Business
The decision to hire family members for your business is a delicate balancing act that involves both personal and professional considerations. Working with loved ones can create a sense of trust and unity within the workplace and has been shown to increase business...
