Lawsuits and business disputes are not restricted to for-profit business activities in Minnesota. The state Attorney General, Lori Swanson, sued the international thrift store chain Savers in Henepin District Court on May 21. According to her charges, the chain is seriously misleading the public on the amount of its donated clothing and furniture proceeds that actually goes to charities.
Small business is big in Minnesota
Small business operations in Minnesota employed 1.2 million individuals or almost half of the private workforce in the state, according to a recent report by the U.S. Small Business Administration. In its profile, the SBA reported that there were 503,055 small businesses in the state which comprise 97.8 of all of its employers.
Insurance may have coverage gaps
Minnesota businesses rely on insurance policies to provide financial protection in accidents and commercial disputes. A recent decision from the federal Eighth Circuit Court of Appeals, with jurisdiction over Minnesota, revealed that insurance policies may not provide this coverage when it is most needed during litigation.
Making an offer that can be refused
Minnesota businesses can face serious setbacks by not providing sufficient attention to the fine print of agreements. This may have particularly serious ramifications in commercial real estate leases that may allow for the sale of the property occupied by a tenant's business.
