Minnesota’s new Paid Family and Medical Leave (PFML) law goes into effect on January 1, 2026. Because the implementation date is approaching, employers should begin preparing now for the program’s requirements. Below is a streamlined overview of the key obligations...
Articles
Nonprofit Organizations and Liability for Misconduct: Churches
It goes without saying that in today’s world, churches and religious organizations, as well as other organizations that have child-facing or child-related activities, are under strict scrutiny by the press, the law, as well as congregants. When it comes to questions...
Minnesota’s New Paid Break Obligations
Effective January 1, 2026, Minnesota will implement updated legislation that clarifies and strengthens the state’s meal and rest break requirements. The intent behind these changes is to provide employees with clearer, more consistent protections than what currently...
The Legal Essentials of Hiring Fractional Executives: Contracts, Compliance, and When to Make Them Employees
Fractional executives are changing the way companies think about leadership. Instead of paying for a full-time CFO, CMO, or COO, many businesses are bringing in experienced leaders part-time. These executives step into key roles, sometimes for multiple companies at...
Minnesota Paid Family Leave: Why Private Insurance Might Be a Better Option for Your Business
Most coverage of Minnesota’s Paid Family and Medical Leave (PFML) Act focuses on the default state-run plan—but few are talking about the alternative option available to employers: using private insurance instead of paying the full state payroll tax. For many...
Structuring a Business Sale and Post-Sale Planning: Key Decisions That Shape Your Outcome
How your business sale is structured affects not only your final payout, but also your tax liability, risk exposure, and what happens after closing. The right structure can maximize value and make for a smoother transition; the wrong one can leave money on the table...
Role of Professional Advisors in Business Sales: Why You Need the Right Team
Selling a business is one of the most complex financial transactions most owners will ever face. Even if you’ve successfully run your company for years, the process of selling it is a different skill set entirely. That’s why assembling an experienced advisory team,...
Due Diligence in Selling a Business: How to Prepare and What to Expect
Once you have an interested buyer, one of the most important and intense phases of the sale begins: due diligence. This is when the buyer examines every detail of your business to confirm it’s as strong and stable as you’ve represented. The better prepared you are,...
Third-Party Consents in a Business Sale: What They Are and Why They Matter
Selling your business isn’t always just between you and the buyer. In many cases, other parties such as customers, suppliers, lenders, or landlords may have a contractual or legal right to approve whether their agreements are part of the sale. These third-party...
Strategic vs. Financial Buyers: Finding the Best Fit for Your Business
Not all buyers approach an acquisition with the same goals. Some are looking to fold your company into their existing operations for a competitive edge. Others see it purely as an investment they plan to grow and sell later. Understanding the two main buyer types —...
Business Valuation Methods and Multiples: How Buyers Determine Your Company’s Worth
When it’s time to sell your business, one of the first questions you’ll face is: What’s it worth? Valuation isn’t just about crunching numbers — it’s about understanding how buyers think, what drives perceived value, and which factors you can influence before going to...
Financial Preparation for Selling a Business: Cleaning Records and Boosting Value
When you put your business on the market, your financial statements become your most important sales tool. Buyers will judge your company’s health, value, and future potential by what they see in your books. Well-prepared financials don’t just speed up due diligence —...
Legal Preparation for a Business Sale: Contracts, Compliance, and IP Protection
Selling your business is more than finding a buyer and signing a deal. Before you can market your company, you need to ensure its legal foundation is airtight. Buyers will look for red flags, and if they find them, it can lower your valuation, slow negotiations, or...
The Real Estate Developer’s Guide to Scaling Up Part 4: Navigating Local Regulations and Planning Initiatives Like Minneapolis’s Plan 2040
When it comes to scaling real estate investments, developers often focus on capital, tax, and investor strategy – and rightly so. But what happens when you have all of those pieces in place, and the project still stalls out? Increasingly, the answer lies in zoning and...
The Real Estate Developer’s Guide to Scaling Up Part 3: Tax Implications and Essential Documentation for Scaling
As real estate projects scale, so too do their legal and tax complexities. What may have worked for a small commercial property often proves insufficient for large, multi-phase developments involving multiple investors. At this level, tax planning becomes as important...