The family-owned business is an entity that is estimated to account for 60 percent of all employment in the United States, including in Minnesota. Despite their successful track record, most of these enterprises don't make it past the third generation, at which time...
WE Know YOU
We work with local clients and clients throughout the country who are looking to continue to build a sense of community in Rochester.
Month: June 2016
Does your insurance cover a financial scam?
We have all seen them. The Nigerian Prince who needs your help to get the $24 Million from his country and will share the bounty with you. You think, "who would fall for such a scheme?" However, someone must take the bait, or it would not keep showing up in your...
Business formation requires a fact-specific inquiry
Minnesota recognizes business entities that are similar to those that are established in all of the other states. These are known as corporations, partnerships, limited liability companies (LLCs) and limited partnerships. There is also the simplest of all business...
Estate planning adds confidence and eliminates the worries
If one could interview a team of estate planning lawyers and financial advisers in Minnesota, what follows are some of the broad, initial themes that they might express about the importance of making an estate plan. First, consider that there are different types of...
Estate planning can be for life planning as well as for death
In Minnesota and elsewhere, making plans for the end of one's life is something that people tend to put off, sometimes indefinitely. That represents a poor way to plan for the distribution of assets at death, and it sets an even poorer example of how one should...
Department of Labor Issues Final Overtime Rule
The Department of Labor ("DOL") published its final rule updating the overtime regulations of the Fair Labor Standards Act ("FLSA"). The significantly increases the minimum salary an employee must be paid in order to be exempt from receiving overtime, and is estimated...
Estate planning team evaluates an effective strategy for assets
Estate planning goes hand in hand with being a small or medium sized business owner. Whatever the business legal structure at hand, the need to effectively handle one's business assets remains always an important task. Estate planning in Minnesota and elsewhere...
Subscribe To This Blog’s Feed