Small business owners will have one more item on their compliance to-do list now that the Corporate Transparency Act (“CTA”) has taken effect. The CTA,[1] enacted as part of the Anti-Money Laundering Act of 2020, places new reporting requirements…
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Upcoming Changes to FLSA Exemptions: What Employers Need to Know Effective July 1, 2024, changes to the Fair Labor Standards Act (FLSA) will alter the salary thresholds required for certain employees to qualify for exemptions from minimum wage and ov…
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Unlocking Opportunity: FTC’s Bold Move to Invalidate Non-Compete Agreements In a landmark move, the Federal Trade Commission (FTC) has proposed a new rule aimed at invalidating non-compete agreements across the United States. Effective Septembe…
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New Minnesota Retirement Program Effective January 1, 2025, all Minnesota employers with five or more employees that do not sponsor a retirement plan must participate in the Minnesota Secure Choice Retirement Program (MSCRP). [1] The Minnesota Secure…
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Minnesota Bans Junk Fees Minnesota has recently taken a significant step towards consumer protection with the passage of a new “junk fee ban” law, aimed at ensuring pricing transparency across various industries. Signed into law by Govern…
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Hiring? Salary Posting Now Required on Job Ads The end of the 2024 Minnesota legislative session saw many changes to the state’s employment laws, including Minnesota Statutes Section 181.173. Effective January 1, 2025, Minnesota’s new law require…
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State and Federal Law Update: A Must-Read for Every Business Owner! Introduction In the years of 2024 and 2025, we are experiencing a wave of new legislation from both the Minnesota and Federal government that will affect the obligations of business…
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Corporate Transparency Act Update Under the Corporate Transparency Act (CTA), which took effect January 1, 2024, many business entities including small limited liability companies (LLCs) and partnerships are required to file reports with the Treasury…
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For many business owners, their business is one of the most valuable and important things they own. When it is time to sit down and create an estate plan, it is critical that business owners plan for their business just as they would plan for their h…
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Being self-employed is no easy task. You are the owner, and in some cases, the only employee. While you may have more freedom than the average worker, a lot of responsibilities lie on your shoulders. Working together, we can craft a comprehensive est…
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