Though Minnesota business owners often need help from employees, it is unwise to simply bring in employees without having set guidelines for how the business relationship will work. Often, employers will create employment contracts to ensure that both the employer and...
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Interested in real estate investing? Consider these opportunities
Though real estate can be a lucrative industry to delve into, there are many risks that come along with it. If Minnesota businesspeople are hoping to start investing in residential or commercial property, they will want to ensure that they do not take on too much too...
Violations of Bank Secrecy Act lead to hefty penalties
Financial institutions have an obligation under law to ensure that the transactions conducted through their platforms are legitimate. If suspicious activity arises, these institutions are required to report the activity to the Financial Crimes Enforcement Network....
Is arbitration always best for business disputes?
It is not unusual for various types of business contracts to have arbitration clauses included. Over the years, many Minnesota business owners and those elsewhere have found arbitration an overall more attractive option for addressing business disputes than...
Proposed government guidelines could put boat businesses at risk
Making significant changes to regulations and the ways in which businesses can run their companies can have profound effects on those businesses. In some cases, new regulations could render certain business-related equipment unusable, which can take a heavy toll on...
Changes to the real estate market could be coming soon
Over the past year and a half, the way in which people look at their living situations has changed drastically. After having to spend so much time at home due to lockdowns and the pandemic, many Minnesota residents may have felt that their living arrangements no...
Proper consideration is necessary when considering loan workout
Banks and other financial lenders in Minnesota understand that loans are not always paid back as they should be. While representatives for these institutions know that a certain amount of risk comes along with lending money, they also know that if a person does not...
Product liability legal claims could damage companies
Businesses can come under scrutiny for various reasons. When consumers believe that a product has cause them harm, the company that manufactured and sold the product could face legal claims regarding that issue. Unfortunately, these situations are complex, and...
Which assessment may determine your property taxes?
Buying a home is a long-term financial endeavor. In addition to likely paying a 15 or 30-year mortgage loan, Minnesota homeowners must also contend with other property-related expenses, including property taxes. In some cases, these taxes can be a significant amount,...
McDonald’s enters business dispute over poultry price fixing
Businesses that produce certain goods typically depend on vendors and suppliers to provide those businesses with materials or ingredients. These types of arrangements are often beneficial to all parties, but if a company believes that a supplier has taken steps to...