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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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Does Your Non-Competition Agreement Make Any Sense?

By: John Bisanz, Jr. | December 14, 2021
Non-Compete Agreements, Owning a Business

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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Protecting Your Security Interest in an LLC membership interest Methods and considerations for perfecting

Protecting Your Security Interest in an LLC Membership Interest: Methods and Considerations for Perfecting

By: Rochelle Hauser | September 18, 2018
Owning a Business

You have made the decision to provide financing, whether as a business owner or otherwise. Perhaps you are loaning money to a borrower, or selling a company you own and financing the purchase. You will likely require some type of collateral to secure repayment of the loan. If your collateral includes a limited liability company […]

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Protecting Your Business: Preventing Wrongful Interference with Non-competition and Non-solicitation Agreements

By: Court Anderson , Benjamin (Ben) Hamborg , Eric Friske | July 23, 2018
Owning a Business

Understanding wrongful interference with contract When an employee who is subject to a valid non-competition or non-solicitation agreement leaves and begins competing with his or her former employer—either by creating a new business or by joining an existing competitor—the employee can be enjoined from wrongfully competing and held liable for breach of contract. While an […]

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Protecting your Business: Identifying and Safeguarding your Company’s Trade Secrets

By: Court Anderson , Benjamin (Ben) Hamborg , Eric Friske | June 20, 2018
Owning a Business

Most companies have no difficulty understanding how and why to protect their physical assets like machinery, buildings, and real estate. But many of those same companies fall short when it comes to protecting their most valuable assets: business models, customer lists, pricing schemes, and sales and manufacturing techniques, which are the real drivers of profitability […]

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Protecting your Business: The Enforceability of Non-competition, Non-solicitation, and Confidentiality Provisions in Minnesota

By: Court Anderson , Benjamin (Ben) Hamborg , Eric Friske | May 16, 2018
Owning a Business

Two schools of thought tend to dominate the way employers and employees view the use of restrictive covenants—non-competition, non-solicitation, and confidentiality obligations—in employment agreements. Some employers view restrictive covenants as just another contract provision, enforceable in court to the same extent as any other provision. Employers in this camp often make the mistake of inserting […]

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Protecting your Business Reputation Online

By: J.R. Maddox , Benjamin (Ben) Hamborg | March 27, 2018
Owning a Business

The Internet is a powerful tool for marketing your business and connecting with your customers. But it can also make you vulnerable to online attacks that could threaten your reputation and have a devastating impact on your business. To protect your business reputation, it’s important to closely monitor your online presence and learn what to […]

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Thinking of an LLC?

By: Clark Opdahl | Minnesota Business Magazine | February 7, 2017
Owning a Business

Thinking of an LLC? Be aware of changes in how Minnesota’s LLCs are set up. Read Clark Opdahl’s article featured on Minnesota Business Magazine’s website, Thinking of an LLC? which discusses why businesses need to be aware of new under-the-radar changes in how Minnesota LLCs are set up.

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