Table No. 1 – Systemwide Outlet Summary Table No. 1 of Item 20 presents the total number of all outlets nationwide – both company owned and franchised – operating at the beginning and at the end of …
READ MORE →The last of the three definitional elements of a franchise covered by the amended Rule is that purchasers of the business arrangement must be required to pay to the franchisor (or to an affiliate), as …
READ MORE →The Federal Trade Commission’s amended Franchise Rule, 16 C.F.R. § 436.1(h), covers business arrangements where the franchisor “will exert or has authority to exert a significant degree of control …
READ MORE →When a corporation extends into a new product line or a new geographic area, it frequently establishes a “subsidiary” corporation. A subsidiary corporation is a separate legal entity which happens to …
READ MORE →Do you need to have a disclosure or disclaimer at the end of your emails? Most people don’t. Still, some professionals (like lawyers) may want an email disclosure. Email disclosures don’t have to be …
READ MORE →A corporation may amend its articles of incorporation to include or modify any provision that is required or permitted to appear in the articles or to omit any provision not required to be included in …
READ MORE →There is no publication (i.e., no “legal advertisement”) requirement for corporations incorporated under Minnesota Statutes Chapter 302A. There is also no statutory minimum capital requirement for …
READ MORE →A limited partnership is a type of partnership in which a limited partner is not personally liable for the partnership’s obligations solely by reason of being a limited partner. Minnesota limited …
READ MORE →In general, any name which contains a different word from existing names on file with the Secretary of State is distinguishable and the name is acceptable for filing as an assumed name or as the name …
READ MORE →Minnesota statutes set the naming rules for corporations, limited partnerships, limited liability partnerships, and limited liability companies. Before you commit to a name, confirm it satisfies the …
READ MORE →Certificate of Assumed Name After you’ve decided what type of business entity is right for your business, you may have to decide on a business name. In this sub-series of posts, we’ll discuss: …
READ MORE →Fringe benefits include items such as accident and health insurance, medical savings accounts, group term life insurance, salary continuation plans, reimbursements for educational expenses, dental …
READ MORE →Sample Item 23: Receipts ITEM 23: RECEIPTS Receipt This disclosure document summarizes certain provisions of the franchise agreement and other information in plain English. Read this disclosure …
READ MORE →If you are self-employed and use a portion of your home for business, you may be able to take a home office deduction, including some operating expenses for the business use of a part of your home. …
READ MORE →There are no federal or state regulations governing termination of the sole proprietorship itself. The sole proprietor simply winds up the affairs of the business and discontinues operations. If the …
READ MORE →A sole proprietor transfers ownership of the business by transferring the assets of the business to the new owner. The prior proprietorship is terminated and a new proprietorship is established under …
READ MORE →A startup business, regardless of form, generally will find it difficult to obtain outside financing. The statistical failure rate for new businesses is high, and many lenders view financing the …
READ MORE →The sole proprietor has full and complete authority to manage and control the business. There are no partners or shareholders to consult before making decisions. This form of organization gives the …
READ MORE →When an employer loses a Family and Medical Leave Act (FMLA) claim, the employee’s award doubles unless the employer proves two things. It must prove that it acted in good faith and that it had …
READ MORE →Minnesota Statutes require that employees be paid promptly when their employment ends. The date payment is due depends on whether the employee was fired or quit. If the employee is fired, the wages …
READ MORE →In this video, you get answers to these questions about separation agreements, also known as severance agreements: What is a severance agreement? What questions should you ask before signing a …
READ MORE →Paying Overtime – Minnesota Law The Minnesota Fair Labor Standards Act requires employers to pay overtime for all hours worked over 48 per workweek, unless the employee is exempt under Minnesota …
READ MORE →Once you have a money judgment against a non-paying debtor, you may garnish the debtor’s wages. Under Minnesota law, you may issue a garnishment summons “at any time after entry of a money judgment in …
READ MORE →One of the fundamental initial decisions a new business owner faces is choosing the form of organization for the business. Generally speaking, a person should consider himself or herself to be “in …
READ MORE →When a Minnesota judgment debtor ignores the court-ordered financial disclosure form, your next step is an order to show cause. You file an affidavit describing the missed disclosure under Minn. Stat. …
READ MORE →Cease and desist letters may be useful in a number of circumstances including Defamation, Slander, or Libel Trademark Infringement Copyright Infringement Patent Infringement Breach of Contract …
READ MORE →Watch this video before you send a Cease and Desist Letter: In this video, you get answers to these questions: What is a cease and desist letter? When should I send one? Who can send one? How detailed …
READ MORE →The laws surrounding bankruptcy are intended to provide a debtor an opportunity to begin again, start over without existing debt, or reorganize the repayment schedule to find a workable payment plan. …
READ MORE →Minnesota landlords have legal rights when dealing with difficult tenants: renters who violate their lease, don’t pay rent, damage the property, or otherwise break Minnesota landlord-tenant law. The …
READ MORE →A person who expresses an original idea has a copyright in the original expression of that idea, fixed in a tangible medium of expression, but never in the idea itself. This gives the person the …
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