Being served with a lawsuit is a disorienting experience, one that tends to raise the same basic questions regardless of who has been sued: What am I accused of? How much will this cost? Can I sue this plaintiff back?
Pitfalls for Minority Shareholders
Becoming a minority owner of an LLC or corporation (an owner of less than 50% of the business) is obviously a declaration of faith in the majority owner’s business savvy. It is also a declaration of faith in the majority owner’s good will, because control of a majority interest gives...
The U.S. Securities and Exchange Commission (SEC) has increased its enforcement efforts against fund managers and other financial professionals
In recent years, the SEC has increased its enforcement efforts against fund managers and other financial professionals accused of violating securities laws. If you are a fund manager facing a lawsuit by the SEC, it is important to understand your legal options and to work with experienced securities litigation attorneys...
Document Retention Practices for Small Businesses
Many small business owners find themselves too busy running their businesses to draft and enforce document retention and organization plans. This practice lends itself to problems down the road if such businesses find themselves engaged in litigation.
Valuation Methods for Income-Producing Properties in Minnesota
Parker Daniels Kibort represents clients appealing commercial property tax assessments. Commercial property owners commonly challenge tax assessments for four reasons:
Minnesota’s CROWN Act Prohibits Discrimination Based on Hair Texture and Styles
Minnesota's recent passage of the Creating a Respectful and Open World for Natural Hair (CROWN) Act marks a major victory for anti-discrimination and equality efforts in the workplace.
Employment Severance Agreements get Very Complicated
In recent years it’s been more likely than not that a separating employee (whether voluntary or involuntary) will receive a severance agreement from his or her employer, which contains a general release of legal claims.
Minnesota Legislature Takes Aim at Employment Non-Compete Agreements
In recent years, more and more employers have required their workers to sign non-compete agreements, which forbid the workers from taking new jobs at other companies in the same industry after leaving the old employer.
The Federal Trade Commission Proposes Banning Noncompete Agreements for Workers
On January 5, 2023 the Federal Trade Commission (FTC) proposed a ban on non-compete agreements, which would free up workers to take new jobs with competing companies, or start their own competing businesses, without fear of being sued by their former employers.
LLC Buyout Litigation Basics
Ideally, buyers of a limited liability company will sign a written agreement that describes what they own and how the LLC will be run – and they will follow the rules they made in their agreement.