On January 1, 2025, a significant shift in Minnesota’s employment landscape will take place with the implementation of a new pay transparency law. Under this statute, employers will be required to disclose salary ranges or fixed pay rates in all job postings. This new mandate, part of the broader Omnibus Labor and Industry Policy Bill signed into law in May 2024 by Governor Walz, will be codified at Minn. Stat. § 181.173.
President Biden Encourages Limits on Non-Compete Agreements in Executive Order
Benjamin (Ben) Hamborg | Eric Friske
On July 9, 2021, President Biden issued an executive order that has the potential to significantly impact the ability of Minnesota businesses to utilize and enforce non-compete agreements. According to a White House Fact Sheet issued in conjunction with the order, the purpose of President Biden’s Executive Order on Promoting Competition in the American Economy…
What Employers Should Know About COVID-19 Vaccinations
John Bisanz, Jr. | Eric Friske
According to the Centers for Disease Control and Prevention (“CDC”), approximately 50% of Americans over the age of 12 have received one dose of the COVID-19 vaccine.1 The CDC recently issued guidance that “fully vaccinated” people no longer need to wear face coverings and may resume normal activities without physically distancing, “except where required by…
Don't Let a Simple Plan Get In The Way of Properly Insuring Your Home
Christopher Burns | Lloyd Stern
Available to Minnesota residents since 2008, Transfer on Death Deeds (often referred to by the acronym, TODDs) are an estate planning tool used by many and may allow real property owners to effectively avoid a probate court proceeding without transferring the property through other means. In general terms, a TODD is a form of deed…
Reverse Section 1031 Exchanges
Scott Emery | Jeff Shea
The Tax Cuts and Jobs Act (TCJA), P.L. 115-97, changed the law regarding what items of property are eligible for like-kind exchanges. Subject to certain specific exceptions, exchanges of personal or intangible property such as machinery, equipment, patents, and other intangible property no longer qualify for the nonrecognition of gain or loss afforded to like-kind exchanges….
Protect Yourself and Your Employees From Identity Theft During COVID-19
J.R. Maddox | Sarvesh Desai
The COVID-19 pandemic prompted a surge in online activity, as people work from home and obey stay-at-home orders. With that came a significant increase in theft of business and personal information. As standard practice, businesses now allocate significant resources to privacy and data security efforts to protect business information. But there’s also real value in…
Coping with Alzheimer's and Dementia From a Legal and Planning Perspective
Lloyd Stern | Eric Friske
Increased standards of living and medical advances in our country over recent decades have resulted in greatly increased life expectancies. Unfortunately, with these additional years comes the increased risk that a substantial number of us will suffer from some form of dementia-related illness or memory loss. It is now estimated that 5.8 million Americans are…