In light of the well-known costs of litigation, personal exposure to debts and various liabilities, and myriad statutory, administrative and other laws to comply with, why do so many sole proprietorships and general partnerships still exist? Because of the relatively low cost of forming an LLC or corporation when compared to the potential risks, the… View Article
The age of “Big Data” is upon us. Big data is essentially a catch-phrase used to describe massive amounts of data (in one or more types or forms, and in varying varieties, complexities and velocities), that is so large as to be difficult to process or use efficiently. The concept of big data is relevant… View Article
Whether a strategic buyer, a private equity investor or another type of purchaser, most buyers prefer to avoid risk. So much so, that most buyers will pay a premium if the equity or assets they are purchasing don’t come with excessive legal baggage, liability, or other risks.Many business owners have given extremely large amounts of… View Article
Buyers, investors, and underwriters. What do these three groups have in common? They all generally engage in pre-transaction diligence before moving forward with a transaction (e.g. purchase, investment, IPO, etc.) to ensure that there are no weird or non-market terms in organizational documents or other issues that may throw a wrench in the deal or… View Article
Many real estate licensees share a common goal – don’t get sued. But licensees who work “by the book” can still get sued. In fact, I’ve known many great real estate professionals who have found themselves in the middle of disputes (some petty, some catastrophic).To drive this point home, imagine two licensees.The first licensee plays… View Article
Domain names are often one of the main identifiers of a business, its identity, its intellectual property and its website. A domain name generally corresponds to a certain IP (Internet Protocol) resource or address within the Domain Name System (essentially, the phone/address book for the internet).Ownership of domain names is different than many other types… View Article
Approximately half of the states in the United States now offer some sort of tax credit to spark entrepreneurial growth and/or start-up investment. Each state tax credit program is unique and has different requirements and benefits (types of business or industry, amount of tax credit, refundable or non-refundable tax credits, etc.) but Minnesota has an… View Article
Who is asking? The U.S. Government. Specifically the Federal Trade Commission’s Bureau of Consumer Protection. With the continuing growth of mobile applications, the FTC has increased its awareness of the mobile marketplace. This increased attention is highlighted by the recent actions against mobile app developers (e.g. Credit Karma, Inc. and Fandango, LLC).The two companies mentioned above… View Article
For purposes of this post, condominium hotels, or “condotels,” are essentially real estate projects or properties that combine the convenience and control of condos with the amenities of a hotel (room service, maid service, valet parking, etc.). Condotels often include a rental and/or management component that allows a third party to rent the condo owner’s… View Article
The title of this post is essentially the holding of the Supreme Court of the United States in Clark v. Rameker, 573 U.S. ____ (2014). Many debtors qualify to exempt certain “retirement funds” in a bankruptcy filing/case. However, in Clark the Supreme Court held that inherited IRA accounts, what most people would still consider “retirement funds,” are not exempt under… View Article
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