How Does Employment Practices Liability Insurance (EPLI) Work

How Does Employment Practices Liability Insurance (EPLI) Work

The Essential Guide to Employment Practices Liability Insurance (EPLI) for Business Owners In today’s complex business environment, safeguarding your company against potential legal disputes related to employment practices is crucial. Employment Practices Liability Insurance (EPLI) is a critical tool in your risk management arsenal, designed to protect businesses from the financial fallout of legal claims…

When Firing an Employee, Should You Give a Termination Letter?

When Firing an Employee, Should You Give a Termination Letter?

As a business owner or employer, you may be wondering whether you should give your employee a letter at the time you terminate his/her employment. Although this is a best practice, here are some practical considerations: Legal Considerations From a legal perspective, you don’t need to provide a reason for termination unless one is requested….

MN Department of Labor and Industry: Wage and Hour Bulletin

MN Department of Labor and Industry: Wage and Hour Bulletin

February 2024 When Are Employees Owed Their Last Paycheck? When an employee is fired or quits, Minnesota final pay laws determine when they are owed their last paycheck. Employers are required to give a former employee their paycheck: Within 24 hours of the employee making a written demand for payment to the employer. This includes…

Request for Information Process: Mn Dept. of Labor and Industry’s Compliance Records & Training Unit RFI

Request for Information Process: Mn Dept. of Labor and Industry’s Compliance Records & Training Unit RFI

All information presented on this article comes from the Minnesota Department of Labor and Industry. To find out more, follow the links under the appropriate heading. Minnesota Department Of Labor And Industry (DLI) Workers’ Compensation Penalties — Prohibited Practices Source: Work Comp: Penalties — Prohibited Practices Prohibited Practices Statute violated — Minnesota Statutes 176.194, subd. 3 Assessment statute —…

Earned Sick and Safe Time

Earned Sick and Safe Time

  Minnesota’s Sick and Safe Time law, effective January 1, 2024, ensures employees get paid leave for sick days, caregiving, and addressing various issues. This guide covers who qualifies, how much time can be earned, and the situations it can be used for. The article also breaks down which family members are covered and the…

Should Business Owners Do This at Work?

Should Business Owners Do This at Work?

Maintaining a productive and professional work environment is crucial for the success of any business. Employers often set rules and guidelines to ensure employees adhere to certain standards. Among these standards is the expectation that workers refrain from consuming alcohol while on the job. However, a common question that arises is whether business owners themselves…

How Can You Avoid Fraud in Your Financial Docs? Trump’s Trial Explained

How Can You Avoid Fraud in Your Financial Docs? Trump’s Trial Explained

Protecting Your Financial Documents: Strategies to Combat Fraud In today’s digital age, fraudulent activities in financial documents have become increasingly sophisticated, making vigilance and proactive measures crucial. Whether it is tampering with official documents, forging signatures, or manipulating numbers, the ramifications of such activities can be devastating for individuals and businesses alike. Here’s how you…

Is It an Ethics Violation for a Lawyer to Not Pay Debts?

Is It an Ethics Violation for a Lawyer to Not Pay Debts?

Yes, it is generally an ethics violation for an attorney in Minnesota to not pay a debt lawfully owed. Usually, this means a court must have declared the debt owed. Background Attorneys are subject to more laws than other people. Attorneys are subject to ethics rules, such as the Minnesota Rules of Professional Conduct. As…

How Fiduciary Duties Shape Trust in Business

How Fiduciary Duties Shape Trust in Business

The Fiduciary Duties Every Entrepreneur Should Know Why Fiduciary Duties Matter to Your Business In the complex landscape of business law, the concept of fiduciary duties often goes unnoticed by many business owners and entrepreneurs. Understanding fiduciary duties is crucial for business owners, as it defines the very core of your legal obligations within the…

No Contract in Partnership: Are You at Risk of Not Getting Paid?

No Contract in Partnership: Are You at Risk of Not Getting Paid?

Avoiding Unpaid Partnerships: Best Strategies to Ensure Payment In the complex world of business relationships, the question of whether to formalize agreements with contracts often arises. Especially when it comes to partnerships, joint ventures, or ongoing professional relationships, the decision to have a contract in place to ensure you get paid is a crucial one….

The #1 Mistake I Made Firing Employees: A Lawyer’s Confession

The #1 Mistake I Made Firing Employees: A Lawyer’s Confession

Mistakes in Firing an Employee: A Legal Perspective Firing an employee is never an easy task, and it is fraught with potential pitfalls. In my experience, there have been several learning curves that I’ve navigated while letting go of employees. I want to provide you with some insight into these challenges and offer a solution…

Why Every Business Owner Needs to Understand Shareholders

Why Every Business Owner Needs to Understand Shareholders

Understanding Shareholders in a Corporation Definition of Shareholders A shareholder is essentially an owner of a corporation. They hold a stake in the company, represented by the shares they possess. If a person is the only stakeholder of a corporation, they become the sole shareholder. Breaking Down the Shares You might be wondering, “What are…

Can Lawyers Step Down Due to Health Concerns?

Can Lawyers Step Down Due to Health Concerns?

Can Your Attorney Drop Your Case Due to Health Concerns? Navigating the legal world often involves understanding not just the laws that govern a particular case but also the intricacies that affect attorneys, their duties, and their rights. One such question that frequently arises is whether an attorney can withdraw from a case for health…

The Essentials of Contract Law: What You Should Know

The Essentials of Contract Law: What You Should Know

What Is Contract Law? In the intricate world of business, contracts serve as the backbone of countless transactions. Whether you’re sealing a deal with a supplier, hiring a new employee, or leasing a new office space, contracts come into play. But what exactly is contract law, and why is it so crucial for business owners…

Attorney Fees: What Happens After You Win a Lawsuit?

Attorney Fees: What Happens After You Win a Lawsuit?

 Why Your Contract Might Be the Key to Recovering Legal Fees When involved in a lawsuit, it is only natural for the involved parties to be concerned about the potential financial burdens they might face, regardless of the outcome. One of the most common questions clients ask attorneys is whether they can recover their…

What Are the Secrets to Starting an Online Magazine Without Legal Issue?

What Are the Secrets to Starting an Online Magazine Without Legal Issue?

Comprehensive Guide to Starting an Online Magazine Without Legal Issues Choosing the Right State for Your Business When setting up an online magazine, the first decision involves the location of your business. The state in which your business is registered impacts your income tax level. If you reside in a state with no income tax,…

Maximize Potential and Protection: EIN and LLC for Businesses

Maximize Potential and Protection: EIN and LLC for Businesses

Unlocking Success: How EIN and LLC Boost Business Potential Starting and growing a business requires careful planning and strategic decisions. Two crucial elements in this journey are obtaining an Employer Identification Number (EIN) and forming a Limited Liability Company (LLC). These essential tools can significantly contribute to maximizing your business’s potential and ensuring its protection….

Unveiling the Legal Maze: Navigating LLC Formation for Startups

Unveiling the Legal Maze: Navigating LLC Formation for Startups

Simplifying Startup Legality: Unveiling LLC Formation Starting a new business venture is an exciting journey filled with endless possibilities and opportunities. As a startup founder, you are not only focused on refining your product or service but also on establishing a solid legal foundation that will protect your business and facilitate growth. One of the…

Is an LLC Essential for Your Lawn Service Business?

Is an LLC Essential for Your Lawn Service Business?

Limited Liability Companies (LLC) and the Doctrine of Respondeat Superior Limited Liability Companies (LLCs) have become a popular choice for many businesses due to the flexibility they offer in terms of management structure, taxation, and the personal liability protection they afford to their members. On the other hand, the doctrine of respondeat superior is a…

Is It Necessary to Have a Complex Contract?

Is It Necessary to Have a Complex Contract?

Dealing with Contracts: A Guide to Complex Contracts Contracts serve as the foundation of legal agreements, outlining the rights, responsibilities, and expectations of the parties involved. The question often arises: Do contracts need to be complex? While the complexity of contracts can vary based on the nature of the agreement, finding the right balance between…

Best Practices for Ensuring Employee Safety

Best Practices for Ensuring Employee Safety

  Proactive Measures for Employee Safety Excellence The Importance of Workplace Safety If you are a business owner, ensuring the safety of your employees isn’t just a moral obligation—it is a legal one. Between OSHA guidelines and state-specific laws, the labyrinth of regulations can often be complex and daunting. However, compliance is not optional; it…

No Patent, No Problem: Keeping Your Secret Process Safe

No Patent, No Problem: Keeping Your Secret Process Safe

Beyond Patents: Strategies to Shield Your Proprietary Process In the rapidly-evolving world of technology and business, the pressure to protect innovations has never been greater. But what if patenting isn’t the right path for your unique process or product? How can you maintain an edge without the legal safety net of a patent? Fear not,…

Business Partnerships: Which Type is Right for You?

Business Partnerships: Which Type is Right for You?

The Double-Edged Sword of Business Partnerships: Pros and Cons Explained As an attorney specializing in business law, I’ve advised numerous clients on the right type of business structure to adopt. While there are various options such as sole proprietorships, LLCs, and corporations, the concept of a business partnership often attracts considerable attention. Partnerships seem straightforward…

Drugs Taxes in Minnesota

Drugs Taxes in Minnesota

Minnesota Sales Tax Guide for Selling Drugs The following is the current (updated July 2023) Fact Sheet for Minnesota Sales Tax Guide for Drugs. The following post has been adopted from the Minnesota Department of Revenue’s Sales Tax Fact Sheet 117A, Drugs. What’s New Starting July 1, 2023, edible cannabinoid products are subject to the…

Actually, Your LLC Won’t Avoid Your Personal Liability

Actually, Your LLC Won’t Avoid Your Personal Liability

Unveiling the Limits: Does an LLC Truly Shield You From Personal Liability? When it comes to forming a business, choosing the right structure can be a critical decision with far-reaching implications. One common choice among entrepreneurs is the Limited Liability Company (LLC). The LLC structure is lauded for its flexibility and, most notably, for offering…