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How the Corporate Transparency Act May Impact Your Estate Plan

How the Corporate Transparency Act May Impact Your Estate Plan Starting on January 1, 2024, under a new law called the Corporate Transparency Act (CTA), owners of certain business entities must file a report with the federal government including deta… Read More
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Corporate Transparency Act Imposes New Small Business Reporting Requirements for 2024

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… Read More
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Categories: Business

Upcoming Changes to FLSA Exemptions: What Employers Need to Know

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… Read More
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Categories: Business

Unlocking Opportunity: FTC's Bold Move to Invalidate Non-Compete Agreements

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… Read More
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Categories: Business, News

New Minnesota Retirement Program

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… Read More
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Categories: Business, News

Minnesota Bans Junk Fees

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… Read More
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Categories: Business

Hiring? Salary Posting Now Required on Job Ads

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… Read More
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Categories: Business

State and Federal Law Update: A Must-Read for Every Business Owner!

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… Read More
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Categories: Business, News

Corporate Transparency Act Update

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… Read More
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Categories: Business, News

Smart Business Succession Strategies: Estate Planning Tips for Business Owners

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… Read More
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