On Friday, the SBA issued another set of rules for the Paycheck Protection Program. No, these are not the much-needed rules and guidance on forgiveness, which we still await. These new rules cover a variety of topics, including certain requirements for promissory...
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.
Business Formation & Planning
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...
What is required in a non-solicitation agreement in Minnesota?
Minnesota businesses often require employees to sign non-solicitation and confidentiality agreements to protect the business's proprietary information or intellectual property and to prevent employees from using their employer's information to profit at their own...
New SEC rules govern companies issuing stock through crowdfunding
Minnesota entrepreneurs and investors may be interested to know that the U.S. Securities and Exchange Commission has adopted final regulations, effective in the summer of 2016, governing the issuance of stock through crowdfunding. Crowdfunding has become a popular way...
Minnesota to award funding for new startups
The Minnesota Angel Tax Credit Program has $15 million available for high-tech and other business startups in the state for 2016. Half of this amount will be reserved for investors or investment groups funding minority-owned and managed businesses, start-ups that are...
U.S. government requires sick leave for contractors
Businesses that have contracts with the federal government not only have to comply with laws applicable to all enterprises, they also with specific standards imposed by the government. In early September of this year, President Barack Obama issued an executive order...
Crowdfunded business startup settles federal probe
Minnesota business is changing with the advent of new technologies and the ability to seek customers and investors throughout the country and the globe to assist with business formation and growth. However, new legal issues follow the use of these new platforms --...
Federal board redefines joint employer relationship
The National Labor Relations Board issued a decision that may have a tremendous impact on Minnesota's franchises, temporary agencies and business formation on Aug. 27. The NLRB refined its criteria for determining joint-employer status to reflect current economic...
Why choose a LLC for your business formation?
Let's say you have a great idea for a product or service that you believe can become a profitable business. Once the idea's kinks and details hammered out, you may be ready for the details of business formation. But what type of business should you register as? There...
What are independent contractors?
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.Independent contractors do...
Subscribe To This Blog’s Feed