Treasury Instructs IRS to Increase Audits of Returns with Rental Real Estate Income

Treasury Instructs IRS to Increase Audits of Returns with Rental Real Estate Income

The Internal Revenue Service (IRS) should increase its examinations of personal tax returns that report losses from rental real estate activity, according to a new audit report released publicly today by the Treasury Inspector General for Tax Administration (TIGTA). TIGTA’s report, “Actions are Needed in the Identification, Selection, and Examination of Individual Tax Returns with…

New Federal Income Tax Withholding Provisions For Contractors

New Federal Income Tax Withholding Provisions For Contractors

If you represent a government entity that makes payments to contractors for products or services—or you are a contractor yourself—you may be interested in learning more about the new federal income tax withholding provisions under Internal Revenue Code § 3402(t). These new provisions will need such payers to withhold three percent (3%) from certain payments…

Hire a Lawyer to Draft Your Contract Now to Avoid a Lawsuit Later

Hire a Lawyer to Draft Your Contract Now to Avoid a Lawsuit Later

Introduction With the advent of the internet, it is easy to find hundreds of samples of legal forms like contracts online for free. Some wonder why they should spend the money hiring an attorney to draft a partnership agreement, for example, when they can just as easily fill in the blanks on a form. If…

Birth Defects from Pharmaceutical Drugs During Pregnancy

Birth Defects from Pharmaceutical Drugs During Pregnancy

Prescription Drugs and Pregnancy Most women are aware of the need to monitor drugs, alcohol, and even their diet while pregnant. Whatever they ingest could affect the development of the baby. But, what about prescription drugs? Most women assume their doctor knows whether a prescription is safe to take during pregnancy and will warn her…

Minnesota Franchise Buying Tips from a Lawyer

Minnesota Franchise Buying Tips from a Lawyer

In Minnesota, a franchise is a popular way of starting or growing a business. Franchises include product and service companies. Special laws have been created to protect business owners buying into a franchise. Minnesota Franchise Laws Many states, such as Minnesota, have strict franchise laws. Minnesota has enacted a franchise statute called the Minnesota Franchise…

Minnesota Daycare Negligence: MN Daycare Abuse & Injury Attorney

Minnesota Daycare Negligence: MN Daycare Abuse & Injury Attorney

Choosing a daycare professional can be a difficult decision. It is hard for many parents to trust a stranger to care for their children. If a parent later discovers that the daycare has abused, mistreated, or neglected their child, it can be very traumatic. Parents may feel guilt about entrusting their child to the daycare…

How Minnesota Insurance Companies Handle a Personal Injury

How Minnesota Insurance Companies Handle a Personal Injury

Many times people struggle with what to do if they are injured by the negligence of a friend or family member. It can strain a relationship to sue someone, to say the least. What most people recognize, however, is that your friend or family member’s insurance company will likely handle the case. People purchase insurance…

Personal Injury Settlement Loans: The “It’s My Money” People

Personal Injury Settlement Loans: The “It’s My Money” People

Perhaps you have seen the commercials on TV with the people yelling, “It’s my money, and I want it NOW.” The ads are targeted towards people who are involved in personal injury lawsuits who are expecting settlements. They also apply to people who have what are called structured settlements – basically meaning that your settlement…

Tax and Non-Tax Considerations when Starting a Minnesota Business

Tax and Non-Tax Considerations when Starting a Minnesota Business

Choosing the Form of Business Organization: Tax and Non-Tax Considerations Introduction 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 business” once they have begun the operation of an activity for which…

Ambiguous Minnesota Contracts: How MN Courts Interpret Vague Contract Language

Ambiguous Minnesota Contracts: How MN Courts Interpret Vague Contract Language

When people draft contracts, the contract provisions are sometimes confusing, ambiguous, and vague. These ambiguous contract clauses often become an issue in a lawsuit. Have you ever wondered how Minnesota courts address ambiguous clauses (also called contract provisions) in a contract? Here is the answer from a recent Minnesota district court case: The primary goal…

Minnesota Business Owner’s Rights & Fiduciary Duty Law

Minnesota Business Owner’s Rights & Fiduciary Duty Law

I often get questions from Minnesota small business owners about their rights when dealing with other business owners. This article explains the basic rights of small business owners, but first, some basic information may be helpful. Introduction to Minority Business Owner’s Rights & Fiduciary Duties The rights and duties of small business owners depend on…

Sample Franchise Disclosure Document Item 14: Patents, Copyrights, and Proprietary Information Example

Sample Franchise Disclosure Document Item 14: Patents, Copyrights, and Proprietary Information Example

Sample Item 14-1: Patents, Copyrights, and Proprietary Information ITEM 14: PATENTS, COPYRIGHTS, AND PROPRIETARY INFORMATION You do not receive the right to use any item covered by a patent or copyright, but you can use the proprietary information in the Belmont Operating Manual. The Operating Manual is described in Item 11. Item 11 also describes…

10 Things Every Minnesota Small Business Owner Should Know

10 Things Every Minnesota Small Business Owner Should Know

For the busy business owner, here is a list of the 10 things every small business owner in Minnesota should know: Worker’s Comp – If you have employees, you generally must get workers compensation insurance, even if you only have one employee (other than yourself). Limiting Personal Liability – Owners of partnerships and sole proprietorships…

What Are They and What if They are Broken? | Minnesota Non-Solicitation Contracts

What Are They and What if They are Broken? | Minnesota Non-Solicitation Contracts

You’ve probably seen houses with “No Soliciting” signs in their windows or on their doors. Non-solicitation agreements are quite different. “No Soliciting” signs on houses are requests that others not come ask the occupants for anything, including asking the occupants to purchase something. Non-solicitation agreements are generally among very different parties. A non-solicitation agreement isn’t…

Confidentiality Agreements: What is a Confidentiality Agreement?

Confidentiality Agreements: What is a Confidentiality Agreement?

Do you own a business and want to require your employees to keep your business’s information confidential? Are you an employee who is being asked by your employer to sign a confidentiality agreement? Purpose of Confidentiality Agreements A confidentiality agreement is a contract. Contracts are promises. Confidentiality agreements are used in situations where someone will…

Minnesota Business TRO | How to Get a Temporary Restraining Order

Minnesota Business TRO | How to Get a Temporary Restraining Order

A TRO is a Temporary Restraining Order issued by a Minnesota court judge. The most common type of TRO is for domestic abuse or threats of violence in the family context, but Temporary Restraining Orders are also used in a business context. Click here for information on Restraining Orders for Domestic Abuse Minnesota Business TRO…

Landlord Rights: Dealing with Problem Renters

Landlord Rights: Dealing with Problem Renters

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 article below discusses landlord’s rights when dealing with problem renters. Are you a tenant? Contact Homeline, a Minnesota nonprofit organization that helps residential tenants with rental problems. Minnesota Month-to-Month…

Minnesota Confidentiality Agreements: What Are They?

Minnesota Confidentiality Agreements: What Are They?

All contracts are promises. People are free to enter into any contract they want as long as there are agreements on both sides, and neither promise violates a public policy or law. A contract will contain promises to act in a certain way or to refrain from acting in a certain way. Confidentiality agreements include…

Confidentiality Agreements: Should Businesses Require Employees and Other Contractors to Sign Confidentiality Agreements?

Confidentiality Agreements: Should Businesses Require Employees and Other Contractors to Sign Confidentiality Agreements?

Few people can run a business alone. Most business owners need the assistance of employees, vendors, and other independent contractors in order to run their businesses. However, the inclusion of other people in the affairs of a business necessarily includes others in the circle of people who know certain information about the business not generally…

Minnesota Non-Solicitation Agreements: What is a Non-Solicitation Agreement?

Minnesota Non-Solicitation Agreements: What is a Non-Solicitation Agreement?

Are you an employee being asked to sign a nonsolicitation agreement? Are you an employer thinking of requiring employees to sign nonsolicitation agreements in order to protect your business? An attorney can draft a nonsolicitation agreement for you, or help you understand the one in front of you, as well as negotiate the terms of…

Non-Solicitation Agreements: What is the Purpose of a Non-Solicitation Agreement?

Non-Solicitation Agreements: What is the Purpose of a Non-Solicitation Agreement?

A solicitation is defined as a request, an enticement, or an allurement. Non-solicitation agreements prohibit requesting, enticing, or alluring someone to do something. Contractual Agreements Not to Request, Entice, or Allure Non-solicitation agreements are used by many Minnesota businesses. A non-solicitation agreement is a contract. It may be one provision in a contract, or it…