Employers should be aware of a massive change to the Fair Labor Standards Act (“FLSA”). Everyone generally understands that exempt employees are paid an annual salary with no overtime for hours worked over 40 in a week, and non-exempt employees are paid an hourly wage or salary, but are entitled to overtime at 1 ½ …
New Salary Requirement for Exempt Employees
Employers should be aware of a massive change to the Fair Labor Standards Act (“FLSA”). Everyone generally understands that exempt employees are paid an annual salary with no overtime for hours worked over 40 in a week, and non-exempt employees are paid an hourly wage or salary, but are entitled to overtime at 1 ½ …
To Avoid a Void Foreclosure by Advertisement, Strict Compliance is Best
Lenders often secure repayment of loans by taking a mortgage on real estate owned by the borrower. If the borrower becomes unable to repay the loan, the lender may foreclose the mortgage and take back the property. In Minnesota, there are two ways to foreclose on real estate: by action and by advertisement. (Wisconsin only …
To Avoid a Void Foreclosure by Advertisement, Strict Compliance is BestRead More
Disclosures in Residential Real Estate Transactions
Regionally, spring is a busy time for residential real estate transactions. It is a time when many home sellers decide to list their property, and buyers often step up their intensity when searching for a new home. Some of the most common inquiries real estate attorneys receive, especially at this time of year, relate to …
Disclosures in Residential Real Estate TransactionsRead More
Growing Trend: Use of Tax Abatement for Economic Development and Public Facilities
Tax abatement is an economic development tool for communities that appears to be gaining in popularity in recent years. First authorized by the Minnesota Legislature in 1997 as an alternative to TIF, tax abatement allows a city, town, county, or school district to abate all or a portion of its property tax on a parcel …
Growing Trend: Use of Tax Abatement for Economic Development and Public FacilitiesRead More
SUBPOENA COMPLIANCE UPDATE
How should a financial institution respond to a civil subpoena for customer records? A subpoena is a document issued in the name of a court or government agency that commands the recipient to produce documents, permit inspection, copying, testing, or sampling, or appear at a trial, hearing, or deposition. A sample subpoena is attached hereto. …
A Look Into 2016 Legislation Impacting Minnesota Businesses
With 2016 off the ground, Minnesota business leaders wonder what legislation may impact them in the year ahead. This past December, the commissioner of Minnesota Management and Budget (“MMB”) published the state’s Budget & Economic Forecast. This forecast projects future economic conditions and sheds light on budget parameters from which the Minnesota Legislature will work …
A Look Into 2016 Legislation Impacting Minnesota BusinessesRead More
Christmas City of the North Parade
This Friday, November 20th, marks the 57th anniversary of the Christmas City of the North Parade. The Fryberger firm will continue its tradition of passing out free hot chocolate and cookies to parade spectators. The treats will be served on the corner of Third Avenue West and Superior Street from 5:30 – 8:30. This will …