Batten & Beasley

Author's details

Date registered: September 19, 2011

Latest posts

  1. Annual Legal Business Review — October 20, 2014
  2. What is a Letter of Intent? — June 3, 2014
  3. Organizing a Minnesota LLC using a Legal Service Alternative – Is it worth it? — May 22, 2014
  4. New LLC statute for Minnesota companies — May 13, 2014
  5. Did Minnesota Enact “No-Fault” Business Divorces? — February 3, 2014

Author's posts listings

Oct 20

Annual Legal Business Review

It is important for a business to undergo an annual legal business review to ensure that the business is in compliance with all applicable legal requirements, and to recognize any prospective problems. A legal business review is a comprehensive review records, policies, contracts, agreements and procedures. Topics that will be covered in an annual legal …

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Permanent link to this article: http://battenbeasleylaw.com/annual-legal-business-review

Jun 03

What is a Letter of Intent?

A letter of intent is a legal document that a Buyer and Seller contemplating the purchase and sale of a business may choose to execute at the start of a proposed transaction. There are several reasons for the Buyer and Seller to have a letter of intent in place. The letter of intent lays out …

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Permanent link to this article: http://battenbeasleylaw.com/what-is-a-letter-of-intent

May 22

Organizing a Minnesota LLC using a Legal Service Alternative – Is it worth it?

Doing business in the form of a limited liability company (LLC) provides entrepreneurs limited liability protection and can offer advantageous treatment of profit and loss for tax purposes.  To obtain these benefits, Minnesota companies must organize an LLC by filing Articles of Organization with the Secretary of State.  Although organization has traditionally been performed by …

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Permanent link to this article: http://battenbeasleylaw.com/organizing-a-minnesota-llc-using-a-legal-service-alternative-is-it-worth-it

May 13

New LLC statute for Minnesota companies

The Minnesota legislature recently passed an overhaul of Minnesota’s LLC Act.  Before, Minnesota corporations and limited liability companies (LLCs) were structurally the same (Owner>Board>Officer).  Decisions between whether to use an LLC or corporation were generally left to tax considerations.  However, that is all changing and entrepreneurs will have new choices in establishing entities. New LLCs …

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Permanent link to this article: http://battenbeasleylaw.com/new-llc-statute-for-minnesota-companies

Feb 03

Did Minnesota Enact “No-Fault” Business Divorces?

Business divorces (where business partners split up) are difficult for owners, employees, and customers.  Unlike personal “no-fault” divorces, normally forced business divorces are reserved for instances of some type of fault by one owner against another.  In Minnesota, that fault is known as “unfairly prejudicial conduct”. Today, the Minnesota Court of Appeals issued a decision …

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Permanent link to this article: http://battenbeasleylaw.com/did-minnesota-enact-no-fault-business-divorces

Jan 30

“Right to Repair” Truce

Earlier, we wrote about “Right to Repair” legislation that was recently passed in Massachusetts.  Since then, the major players on this issue came together to sign a Memorandum of Understanding earlier this month.  This MOU appears to be a temporary truce, intended to cool off the lobbying efforts for additional legislation. The parties to the …

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Permanent link to this article: http://battenbeasleylaw.com/right-to-repair-truce

Jan 13

Suggested Maintenance for Your Small Business

Most of our lives are governed by suggested maintenance: Change your oil every 5,000 miles Get a colonoscopy when you turn 40 See your dentist and replace your toothbrush every six months Limit yourself to 2,000 calories per day Change your password every three months But what maintenance do you perform for your small business …

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Permanent link to this article: http://battenbeasleylaw.com/suggested-maintenance-for-your-small-business

Jan 10

How to Structure the Purchase and Sale of a Business: Asset Sale or Stock Sale?

When a Buyer is looking to acquire a business and a Seller is looking to sell a business the most common question is whether the transaction should be structured as an asset sale or a stock sale. These methods are the two primary deal structures used when businesses are purchased and sold. In an asset …

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Permanent link to this article: http://battenbeasleylaw.com/how-to-structure-the-purchase-and-sale-of-a-business-asset-sale-or-stock-sale

Dec 27

Probate is not a four letter word

Too often, we come across well intentioned individuals who have picked up at some point in their lives that probate “MUST BE AVOIDED AT ALL COSTS”!  This may be really good news for attorneys who prepare living trust documents for thousands of dollars.  However, the truth is that in many circumstances leaving one’s estate to …

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Permanent link to this article: http://battenbeasleylaw.com/probate-is-not-a-four-letter-word

Dec 20

Minnesota Ban the Box Legislation takes effect

Minnesota employers should review employment applications prior to January 1, 2014, to make sure that they have removed questions relating to the criminal history of their applicants.  Chapter 61, signed by Governor Dayton May 13, 2013 but effective January 1, prohibits private employers from requesting or requiring disclosure of a criminal record when filling a …

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Permanent link to this article: http://battenbeasleylaw.com/minnesota-ban-the-box-legislation-takes-effect

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