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Coming this summer to a business near you, you will see a brand new limited liability company organized under Minnesota law. After August 1, 2015, all LLCs in Minnesota will be organized under the newly enacted Minnesota Statutes, Chapter 322C a/k/a the Minnesota Revised Uniform Limited Liability Company Act (the acronym is obnoxiously long so we’ll just call it the…
In all of my years practicing business law and litigation, I have found that some of the most common sources of trouble and regret for my clients stem from confusing and not fully understanding contracts they are signing. Unscrupulous drafters can find easy refuge in encyclopedia-worthy amounts of text in contracts that help to hide what is really intended and…