Thought Leadership


President Biden Encourages Limits on Non-Compete Agreements in Executive Order

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…

Non-Compete Agreements
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Reverse Section 1031 Exchanges

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….

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