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Contract terminations are common in all parts of business. Sports teams terminate a contract with a player when they cut the player. Cities may terminate contracts with various service providers (trash collection, security companies, road maintenance). Most likely you...
The relationship between contracting parties can fail for a number of reasons. Sometimes people cannot agree on how best to run a business. Sometimes they do not go through with a sale or transfer. And sometimes the parties just drift apart in their relationship. When...
With the opening of businesses around the country and the loosening of restrictions, many people are starting to make purchases that they have held off on. This sudden shock however, has resulted in high prices as product production has only recently started up again....
Running a business in a pandemic is challenging. The newest challenge is what do with the vaccines. Can you require your employees to get the vaccine? What should you do if you’re not requiring your employees to get the vaccine or you yourself are not planning to get...
So you are thinking of starting a business? You may be wondering what kind of business formation would work best for me. Some of the most common business formations are partnerships, sole proprietorships, corporations, and limited liability companies. Three common...
Unemployment Insurance is funded through payroll taxes of employers. It is a monetary benefit payable to an employee who becomes unemployed through no fault of his own. While the process is relatively easy, an employer can challenge an employee’s application for...
Minnesota Sales and Use Tax Will your business be engaging in sales of taxable goods and services? If so, you will need to collect sales tax for each qualifying item for every transaction. Why are sales tax important to consider when creating a business? Because each...
There are advantages and disadvantages with starting a business with another person. The clear advantages are the ability to raise more capital, take on more work, have more brainstorming power, and someone who is just as passionate as you are to count on. Most...
So, you finally landed the job you’ve always wanted but there is a requirement you don’t quite understand: the employer wants you to sign a Non-Compete Agreement (sometimes known as a Restrictive Covenant, Covenant Not to Compete, or NCC). The most common...
More than likely, you have probably signed many contracts in your life, even as a young adult. Surprising? Think about it: every time you sign up for the internet, a gym membership, go through a cell phone carrier, etc., you are likely entering into a legally binding...