Do Company Managers Have a Right to Rely on Information from Others?

Do Company Managers Have a Right to Rely on Information from Others?

Can you rely on information provided to you by your employee, attorney, or CPA? For example, imagine a reliable employee tells you that she completed a task—do you have a legal duty to verify she completed it or can you reasonably trust her statement? Right to Rely on Information The right to rely on information…

Do Corporations Need Paper Stock Certificates?

Do Corporations Need Paper Stock Certificates?

Do corporations need paper stock certificates? No. Most states allow uncertificated shares. The “stock certificate” or “share certificate” was historically used as proof that someone was a shareholder in a corporation. In today’s world, as companies and shareholders are trying to become “paperless,” corporate laws generally allow companies to avoid stock certificates. This includes paper and…

How Can YouTubers and Influencers Avoid Legal Pitfalls?

How Can YouTubers and Influencers Avoid Legal Pitfalls?

In this video, you get answers to these questions: What are the most common legal problems for YouTubers? What are examples of influencer legal problems? Why are influencers targeted for lawsuits? How much do YouTubers usually spend on attorneys? Who spends more on lawyer fees, YouTubers or other businesses? How can YouTubers and influencers avoid…

What Are My Rights if Someone Copies My Social Media Post?

What Are My Rights if Someone Copies My Social Media Post?

In this video, you get answers to these questions: What are my rights if someone copies my social media post? What is United States copyright law? What is a “work”? What are your options when handling this issue? What are problems that can occur with copyright infringement lawsuits? When does it make sense to go…

Bailment Law: Property Held by Another & Your Legal Rights

Bailment Law: Property Held by Another & Your Legal Rights

When someone is holding on to property for another person, bailment law usually applies. This often includes storage facilities, warehouses, and transportation companies, for example. What is Bailment? “Bailment is the legal relation arising upon delivery of goods without transference of ownership under an express or implied agreement that the goods be returned.” Wallinga v….

Can a Company Officer Be Personally Liable for Defamation?

Can a Company Officer Be Personally Liable for Defamation?

This question recently came up in my law practice: Can a company officer be personally liable for defamation? The answer is simple: Yes. Minnesota courts have held that an officer of the company can be personally liable for defamatory statements when the officer was involved in “directing, authorizing, and approving a defamatory [statement].” See Derosa…

What is a Rule 26 Discovery Conference in Minnesota Court Cases?

What is a Rule 26 Discovery Conference in Minnesota Court Cases?

Parties to a Minnesota lawsuit must have a Rule 26 discovery conference, which is often done by phone, to discuss how they will handle the discovery and evidence in their lawsuit. The requirements for this are found in Rule 26.06 of the Minnesota Rules of Civil Procedure. When must a Rule 26 discovery conference be…

Business Valuation: How Do You Appraise the Worth of Your Company?

Business Valuation: How Do You Appraise the Worth of Your Company?

In this video, you get answers to these questions: How do you appraise the worth of your company? What are your options in determining the value of the company when a business owner leaves? Should you hire an appraiser? What is Solomon’s choice? How important is it as a business owner to consider the value…

Minority Business Owners’ Right to Demand Company Information

Minority Business Owners’ Right to Demand Company Information

In this video, you get answers to these questions: What information must a company share with its owners? What is the proper purpose to have when requesting information? What are your rights as a business owner? What are your obligations if a business owner requests information? What are the statutes? While it may seem like…

Can I Register a Dead or Abandoned Trademark?

Can I Register a Dead or Abandoned Trademark?

In this video, you get answers to these questions: Can I register a “dead” or abandoned trademark? What is a dead or abandoned trademark? What is trademark protection? What can lead to trademark infringement? Video Transcript Can I register a dead or abandoned trademark? That’s a question I’m going to answer today. I’m Aaron Hall….

Buy or Sell a Business & Owner Disputes: How to Avoid Problems

Buy or Sell a Business & Owner Disputes: How to Avoid Problems

 In this video, you will get answers to these questions: What are the major terms and considerations in the sale of a company? What are the major terms and considerations in the purchase of a company? What are the fiduciary duties that business owners owe each other? If business owners are fighting, what options…

What Salary is ‘Reasonable Compensation’ for S Corp Owners?

What Salary is ‘Reasonable Compensation’ for S Corp Owners?

The IRS requires business owners who work in an S corporation to pay themselves a reasonable wage. Without this requirement, business owners could pay themselves $1 per year, which is subject to 15% payroll tax, and the remaining profits received by the business owner would be free of payroll tax. How do you figure out…

Minnesota Conciliation Court: How to Prepare for Small Claims Court

Minnesota Conciliation Court: How to Prepare for Small Claims Court

What is Minnesota Conciliation Court? Minnesota Conciliation Court, often called “small claims court,” is part of the Minnesota state court system. Conciliation court is designed to more quickly resolve small disputes without the costs, time, and formalities of a normal case in Minnesota District Court. How Conciliation Court is Different from Normal Court Cases Minnesota…

In an Accident, How Do People Get Your Health Care Directive?

In an Accident, How Do People Get Your Health Care Directive?

In this video, you will get answers to these questions: If you are in an accident how do people get your healthcare directive? What is a health care directive? What are the steps you can take for family and friends to have access to your health care directive? Video Transcript If you’re in an accident,…

The Difference Between an EIN, Tax ID, and Social Security Number

The Difference Between an EIN, Tax ID, and Social Security Number

Introduction In this video, you will get answers to these questions: What is the difference between an EIN, Tax ID, and Social Security Number? What is an EIN Number? What is a Tax ID Number? What is a social security number? How does the IRS know there is an audit needed? Video Transcript What’s the…