April 3, 2019
Nearly 5,000 ADA lawsuits were filed in federal court for alleged website violations in the first six months of 2018, according to a law firm that […]
October 11, 2017
On January 1, 2018, Minnesota’s new LLC act, named Minnesota Revised Uniform Limited Liability Company Act (the “new LLC act”) will automatically govern all Minnesota LLCs, […]
December 15, 2015
The end of the year is a busy time and businesses should be mindful to not overlook some important to dos: Keep Your Business in Good Standing You invested the time and expense of incorporating your company to benefit from the corporate structure, so keep your business in good standing. Make sure to file any necessary statements of information or annual business renewals with the Secretary of State in the state in which you incorporated and states in which you have qualified to do business.
October 14, 2015
Ellie Vilendrer participated as a planning committee member of the 2015 Minnesota Closely Held Business Conference. The conference will take place on Tuesday, October 27th, 2015. The all-day conference will feature a complete update including how to advise your current LLC clients and draft an operating agreement under the new LLC statute, new fundraising opportunities under MNvest, cybersecurity planning and preparedness, addressing issues and risks that arise when conducting business online, and more. Attendees will be able to choose from among 19 small-group choices on topics every lawyer should know:
October 12, 2015
As self-interested, wealth maximizers, the impact of our actions on others is not the first thing that comes to mind when contemplating a decision. And for for-profit businesses whose primary concern is a maximized bottom-line, such considerations may be given even less weight if at all. Because people are self-interested and don’t naturally choose the good of the people over their own best interest, we have a complex judicial system that relies on laws to promote justice, fairness, and compensate those who have been treated unfairly. Regardless of the threat of an adverse legal or financial consequence, both businesses and individuals should hold their decisions to high ethical standards—because people matter more than profits.
March 13, 2015
March 13, 2015
A business should consider purchasing insurance coverage to protect the business from unforeseen liability, loss, and litigation. There are numerous types of insurance policies available to a business, and it is wise to consult an insurance agent or broker about the options of coverage which would apply to your business.
February 23, 2015
In business, a security is something issued by a business entity, generally being an interest in or an obligation of that business entity. Typical examples include corporate stock, interests in a limited partnership, and corporate bonds and debentures.
September 4, 2014
As of January 1, 2015, Minnesotans will be able to form public benefit corporations — which allow more flexible uses of profits than just dividends to shareholders. Currently, 27 states, including Delaware, allow such entities. A “Benefit” corporation is a for-profit business that has an additional purpose to create a material positive impact on society and/or the environment. The business must report how it creates a social benefit.