– Legal Insights –
In this series of articles, we are analyzing the various changes that the affected associations will need to make to their policies, procedures, and, potentially, their governing documents by January 1, 2027, to comply with the new requirements of the Minnesota Common Interest Ownership Act (“MCIOA”) adopted in SF 1750....
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Did you know that irrevocable trusts can be modified? If you did not, you are not alone. The name lends itself to that very misconception. However, the truth is that changes in laws, family, trustees, and finances can frustrate the trust maker’s original intent when the trust was created. Or,...
Things are a bit chaotic in Minnesota’s cannabis industry in regards to social equity applicants (“SEA”), so I want to provide some highlights of where things are today: Last month, approximately ten SEAs, whose applications were rejected by the Office of Cannabis Management’s (“OCM”) pre-approval process, filed lawsuits in district...
The kids are all grown—and showing no signs of moving back in with mom and dad. The new job requires more travel. Dealing with lawn mowing and snow-blowing is less appealing with every passing year. There are lots of reasons buyers may find living in a townhome or condominium community...
How to deal with Business Partner Problems In the world of entrepreneurship, having partners is both rewarding and challenging. Although most business partnerships thrive on mutual respect and collaboration, some can devolve into toxic relationships. As the proverb states, “iron sharpens iron,” and similarly, one person sharpens another. However, like...
In a lawsuit, evidence is not just a collection of facts—it is the way each party tells their story. Whether you are the plaintiff or defendant, the evidence you present helps shape the narrative of your case, demonstrating the truth of your position to the judge or jury. However, failure...
Based on changes to the Corporate Transparency Act (“CTA”), many business entities were faced with filing a report about their “beneficial owners” with the federal government by January 1, 2025 (“BOI Reports”). On December 3, 2024, a Texas federal court ruled that the new CTA reporting requirements are unconstitutional and...
Divorce is a complex process. One of the most difficult parts can be valuing a business. Whether it is a family ran car dealership, a closely held hedge fund, or shares of a larger corporation, the value of the asset or interest can have a tremendous impact on the division...
Writing Tips From the Simpsons The Simpsons can teach good writing by demonstrating the importance of wellrounded characters, strong dialogue, layered themes, precise pacing, and structure. It’s an excellent example of how humor, when combined with thoughtful storytelling, can not only entertain but also provoke thought and emotion. Sometimes the...
Deferring, minimizing, or avoiding estate taxes altogether is often an important estate planning goal for married couples. However, uncertainty surrounding what the estate tax laws and the value of their accounts and property will be at the first spouse’s death can leave a couple feeling that they need a crystal...
A Ramsey County District judge paused the social equity applicant pre-approval lottery set for tomorrow, November 25, 2024. How did we get here and what’s next? Judge Stephen L. Smith of Ramsey County District Court heard consolidated arguments for three lawsuits involving eight plaintiffs who were verified social equity applicants...