Articles

Mia Thibodeau
08.19.2015

Minnesota Adopts New Law Affecting LLCs

A limited liability company or “LLC” is a form of business entity often used to hold business or investment assets, particularly if the asset presents some financial risk to the owner. For example, an individual purchasing a duplex to rent out might set up an LLC to hold title to the duplex in order to […]

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Dehlia Seim
08.19.2015

Guarantor Liability

So you’re an entrepreneur with a snappy idea for a business. You meet with a lawyer and form a limited liability company to protect your assets as you venture into the new enterprise. Next is procuring the financing to get this business up and running. Because your new limited liability company has no assets yet, […]

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Matt Hanka
07.07.2015

Mineral and Mining Law in Northeastern Minnesota – a primer on state mineral policy, mineral rights and leasing

The combination of ferrous and non-ferrous mineral and mining resources have long made Northeastern Minnesota a mining powerhouse.  Minnesota has been a leading producer of iron ore and taconite for decades.  Large quantities of Minnesota’s high grade ferrous mineral resources were mined over time, but substantial quantities of lower grade iron ore remains.  New technologies […]

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Dehlia Seim
05.19.2015

Hot Tips for Purchase Agreements

With the seasonal shift comes the busy season for real estate sales, so it’s time for a primer on purchase agreements. Whether it’s your first purchase or your tenth sale, purchase agreement review is critical. You may think that if you’ve seen one purchase agreement, you have seen them all, but not so. Every attorney […]

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Donald Erickson
05.15.2015

2015 Workplace Issues

By: Donald C. Erickson, Senior Counsel, Fryberger, Buchanan, Smith & Frederick, P.A., Certified Labor and Employment Law Specialist by the Minnesota State Bar Association As we move into another new year, employers face increased and new workplace challenges to stay abreast of the ever-changing employment laws, to avoid the costs of non-compliance, including working time […]

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Paul Loraas
05.15.2015

Piercing the Corporate Veil – Does Your Entity Shield You From Personal Liability?

For those who operate or plan to organize a small business as a corporate entity or limited liability company (LLC), the goal is to shield oneself and other stakeholders from personal liability for debts of the business.  Many clients ask: “How do I know that I am actually protected?”  The truth is, under certain circumstances […]

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Mia Thibodeau
02.03.2015

Tax Increment Financing (TIF): What is it and how does it affect new developments?

If you have walked in downtown Duluth in recent months, you may have noticed the two large tower cranes swinging impressively overhead.  You may have wondered, how do developers pay for such expensive projects, or why did they choose this location?  Of course, financing for such projects is complex and comes from many sources, but […]

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Robert Kanuit
10.21.2014

New Type of Corporation Gives Entrepreneurs Options

Until now, socially-minded startup entrepreneurs had two choices for their new company: (1) a for-profit corporation or LLC; or (2) a non-profit corporation. Unfortunately, neither choice is ideal if the entrepreneur expects some return on investment, but wants the new company to also provide a social benefit. Non-profit corporations cannot provide a return on investment […]

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Mia Thibodeau
08.28.2014

Estate Planning and Retirement Benefits

One of the final steps in completing an estate plan is to review and revise beneficiary designation forms for retirement accounts and other assets.  This article focuses on appropriately naming a beneficiary for a qualified retirement plan. Often times, the answer to the question: “who should be the beneficiary of my retirement account?” is not […]

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Matt Hanka
08.28.2014

Tips and Updates Related to Construction Contracts

This summer promises to be a busy one for local construction projects. Commercial and residential projects are rapidly increasing in number. And, regardless of whether you are involved in a large commercial project, or looking to update or build a new home, the following practical tips and information will give you confidence when reviewing and […]

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