Myths and Frequently Asked Questions Planning for the Recently Retired Myth #1. My level of employment should have no impact on what happens after my death. Because your paycheck from your job typically pays your bills, the lack of a paycheck will im…
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Tips to Beat Inflation Surviving High Inflation With inflation at a forty-year high, the rising cost of living is affecting everyone. While you may feel some level of distress as you watch the steady decline in your purchasing power, you do not have…
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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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Introduction In April 2024, Minnesota enacted significant updates to its transfer on death deed (TODD) law. These changes aim to simplify property transfers, avoid probate, and provide clarity for homeowners and beneficiaries. This law became effecti…
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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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As outlined in our recent post, 2024 Estate and Gift Tax Update, the current federal estate tax exemption is the highest level it has ever been (other than 2010 and before there was an estate tax). The unified exemption limit for individuals dying in…
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Introduction: In the world of real estate, navigating property transactions can sometimes seem daunting. Amidst the digital landscape, it’s essential to stay informed and aware of scammers. One area of concern involves the sale of recorded deed…
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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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