The following is a summary of a Minnesota bankruptcy case or a case relevant to Minnesota bankruptcy law. Minnesota Bankruptcy Case: Russell’s Americinn, LLC v. Eagle General Contractors, LLC, 772 …
READ MORE →A discharge is essentially an order from the bankruptcy court informing a debtor and the debtor’s creditors that the debtor is no longer legally required to repay the debt. The debtor is no longer …
READ MORE →Minnesota Bankruptcy Case: Creditor Loses Lien Where Adding D/B/A to a Debtor’s Name Rendered Name Seriously Misleading The following is a summary of a Minnesota bankruptcy case or a case relevant to …
READ MORE →Minnesota Bankruptcy Case: Building Contractors Default Does Not Rise to the Level of Fraud, Theft, or Conversion The following is a summary of a Minnesota bankruptcy case or a case relevant to …
READ MORE →Minnesota Bankruptcy Case: Means Test Does Not Apply to a Case Converted from Chapter 13 to Chapter 7 The following is a summary of a Minnesota bankruptcy case or a case relevant to Minnesota …
READ MORE →I was recently asked whether a personal guarantee could be discharged in bankruptcy. The answer is fairly simple, but it depends on who filed for bankruptcy. There are two simple rules to keep in …
READ MORE →The ultimate benefit in bankruptcy proceedings is probably the discharge or the permission from the bankruptcy court not to repay certain debts. The bankruptcy court eliminates these debts so that: …
READ MORE →This article explains requirements for a franchisor starting a franchise in Minnesota. If you buying a franchise, visit tips on buying a franchise in Minnesota. Item 23: Receipts Like the UFOC …
READ MORE →Taxing Jurisdiction & Year AuthorizedRateApproval requiredUse of Revenues/Other CommentsBloomington – 19861.0%City council approvalMall of America site improvements. This tax was only authorized …
READ MORE →This post was last updated in December 2012. View an overview of Minnesota Gift Tax law reflecting changes made in 2013. This post provides basic background information on the details of state estate, …
READ MORE →State and federal firearms laws govern where and how firearms can be carried, transported, and used in Minnesota. This information brief describes those laws.Various state and federal firearms laws …
READ MORE →Driver’s licensing law allows DPS to impose restrictions on a person’s license to “assure safe operation.” Under DPS rules, a person whose driver’s license has been cancelled and denied for a third or …
READ MORE →Every business claim has a deadline. Miss it, and your right to sue is gone, regardless of how strong your case is. In Minnesota, statutes of limitations range from two years to six years depending on …
READ MORE →In general, a financial institution is any national or state bank, bank holding company, savings and loan, or any other corporation that does business that a bank or other financial institution would …
READ MORE →Discovering a Debtor’s Hidden Assets Just because you are legally owed money, doesn’t mean it is easy to get that money. You have probably heard the saying, “you can’t squeeze blood from a turnip.” If …
READ MORE →If you have a judgment you are trying to collect, and the debtor has funds at a bank or other financial institution, you may garnish the debtor’s account. Obtaining the judgment and finding out …
READ MORE →The following laws apply to minors in Minnesota. This is information and education, not legal advice. When you face a legal issue, you should talk with an attorney. Control of a Minor’s Earnings …
READ MORE →Complete Part I whether or not the entity is seeking relief under Rev. Proc. 2009-41 or Rev. Proc. 2010-32. Line 1. Check box 1a if the entity is choosing a classification for the first time (i.e., …
READ MORE →File Form 8832 with the Internal Revenue Service Center for your state listed below. In addition, attach a copy of Form 8832 to the entity’s federal tax or information return for the tax year of the …
READ MORE → In this video, you get answers to these questions: Does this law only protect the rights of manufacturer reps? Does this law only protect the rights of reps who live in Minnesota? Can sales reps …
READ MORE →Introduction Minnesota Statutes Section 541.023 (a/k/a the “40-year law”) has confounded attorneys since its enactment in 1943. Even among real estate practitioners, the 40-year law is somewhat of a …
READ MORE →Additional Prohibitions In addition to the prohibitions concerning the making of financial performance representations, discussed above, the amended Rule prohibits seven specific acts or practices. …
READ MORE →Item 18: Public Figures Item 18 of the amended Rule requires the disclosure of certain information about a public figure’s involvement in the franchise system. This covers public figures who lend …
READ MORE →Apportionment is a key feature of state corporate taxes Apportionment formulas are important features of state corporate income taxes. They determine how much of a business’s income is taxable and …
READ MORE →Definition of Franchising Franchising is a method of marketing and distributing goods and services. Franchises are offered and sold for many types of businesses, including services, retail trade, …
READ MORE →Franchise Disclosure Document Belmont Mufflers, Inc. A Minnesota Corporation 111 First Street Jackson, Minnesota 55000 (111) 222-3333 franchiseofficer@belmont_mufflers4u.com www.belmont_mufflers4u.com …
READ MORE →The “Required Payment” Element The last of the three definitional elements of a franchise covered by the amended Rule is that purchasers of the business arrangement must be required to pay to the …
READ MORE →Fractional Franchise Exemption The amended Rule exempts the sale of fractional franchises. A fractional franchise relationship is created when the following two elements are present at the start of …
READ MORE →A company selling securities to residents of the state of Minnesota must comply with federal and state securities laws. State securities laws are collectively and individually referred to as “Blue Sky …
READ MORE →Corporations A corporation is an entity where the interest is held by shareholders and whose business is conducted by a board of directors. The shareholders have limited liability, and can normally …
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