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You can start a Minnesota LLC without an operating agreement. However, skipping this document leaves your company governed by Minnesota's default LLC rules, which may not reflect how you and your partners want to run the business. Creating your own agreement usually...
A successful construction project can quickly turn frustrating if an unpaid subcontractor or supplier you’ve never even met files a mechanic's lien against your property. Fortunately, you can take a few precautionary measures to reduce these unexpected legal risks...
Real estate disputes in Minnesota often begin long before a lawsuit is filed. A contract dispute, a title defect or a breakdown in communication can put parties in conflict quickly. By the time litigation becomes an option, the dispute may already have cost...
Hiring a contractor to renovate your home or complete repairs should bring peace of mind. Instead, you receive notice that the work failed inspection. The project stalls, costs mount and you face uncertainty about who bears responsibility for fixing the problem....
Almost all day-to-day operations in a company are governed by contracts. These include partnership, shareholder, employment, independent contractor and supplier/vendor agreements. About half of business disputes stem from vague or ambiguous terms in these contracts. ...
Buying property is a major investment. Most buyers expect the property lines shown in a survey to match what they own. When a survey contains an error, it can create confusion about boundaries, access or ownership. Understanding these issues can help property owners...
Businesses use contracts to protect themselves and outline the terms of projects. It’s critical that these contracts include clauses that discuss every aspect of the project at issue, including pay, performance duties, deadlines, approval rights and remedies. One of...
Buying or selling property is a major step. Most people expect the process to move smoothly once an offer is accepted. However, a survey can uncover issues that were not obvious before. When that happens, the closing may take longer while the parties work through the...
Many business owners assume that forming a company in one state automatically allows them to operate anywhere in the country. In reality, businesses that expand beyond their home state often need to complete a process known as foreign qualification. Despite the name...
This month, Gov. Tim Walz signed legislation known as the Minnesota Payment Transparency Act after it passed unanimously in both houses of the Minnesota legislature. The law is intended to help subcontractors on public construction projects ensure that they are paid...
