For employers, business planning involves hiring workers. Incorrectly designating an employee as an independent contractor can also have serious penalties from the U.S. Department of Labor and the Minnesota Department of Labor & Industry.
Commercial real estate issues are ongoing
Real estate issues for business extend beyond the sale and purchase of their place of business. Many issues can continuously impact property owners.
How long do royalties last?
Inventors and creators in Minnesota are legally entitled to royalties for their intellectual property such as products, inventions and artistic creations. However, this right does not last into perpetuity.
When can a landowner challenge property transfer?
In Minnesota, the sale or transfer of adjacent property in commercial real estate transactions can hold consequences for neighboring business. Accordingly, in some cases, a party may challenge an action such as land conveyance.
Minnesota enacts online security rules
Minnesota has enacted a law, MNvest, governing the offering of online equity securities. These standards took effect on June 14 but await the publication of additional rules before the law becomes operational. Businesses and investors are also still waiting for the issuance of rules from the U.S. Securities and Exchange Commission which were required under the JOBS Act.
