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Seize the Opportunity: Expert Guidance Essential as Estate Tax Exemption Sunset Approaches

By: Christopher Burns , Scott Emery , Brigitt Orfield | June 13, 2024
Gift Tax, Taxes

The current federal estate and gift tax exemption amounts are scheduled to be more than cut in half from in excess of $14,000,000 to less than $7,000,000 due to the sunsetting of tax breaks on December 31, 2025. For high-net-worth individuals, the time to plan for these changes is now. Partnering with a skilled estate planning team is crucial to navigate these changes effectively.

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FTC Rule Bans Noncompete Agreements: What Employers and Employees Need to Know

By: Benjamin (Ben) Hamborg , Eric Friske | April 26, 2024
Non-Compete Agreements

On April 23, 2024, the Federal Trade Commission (FTC) issued a final rule that will significantly impact the use of noncompete agreements in the United States. As an employer or employee, it is crucial to understand how these changes may affect you and your organization. 

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Understanding Liquidated Damages Clauses: Insights from Lagoon Partners Case

By: Benjamin (Ben) Hamborg , Dylan Wallace | April 22, 2024
Landlord/Tenant Matters

Liquidated damages clauses are often included in a variety of commonplace contracts, such as employment agreements, non-solicitation and nondisclosure agreements, and even lease agreements.

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Legal Readiness for College-Bound Teens: What Parents Need to Know

By: Christopher Burns , Brigitt Orfield | April 18, 2024
Powers of Attorneys

As the proud parents of new high school graduates, you are likely filled with excitement and busy with graduation festivities. With college on the horizon, it is important to start the summer by considering several key legal preparations that will protect both you and your child as they embark on their journey to adulthood. Important […]

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Parent and Child

Potential Changes Coming to Minnesota’s Sick and Safe Time Law

By: John Bisanz, Jr. | March 28, 2024

Every business owner knows that clarity of purpose is essential for a company to be successful. Knowing and articulating why you do what you do enables management and staff to collaborate, innovate, and find new and better ways to conduct business.

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Don’t Wait Until the Holidays to Unwrap: Corporate Transparency Act Reporting Begins January 1, 2024

By: Scott Emery , Sequoia L. Butler | November 28, 2023
Owning a Business

Starting January 1, 2024, the Corporate Transparency Act (CTA) mandates that many newly formed entities report detailed ownership information to the Financial Crimes Enforcement Network (FinCEN), a bureau within the Department of Treasury. Reporting for entities formed prior to January 1, 2024, starts January 1, 2025. WHY? Enacted on January 1, 2021, the CTA’s goal […]

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