Two days before Christmas Eve 2020, I drafted this blog post regarding the Corporate Transparency Act (CTA). As of January 1, 2024, the CTA will be enforced for all new and existing entities. If you’re interested in what the CTA means for your business, please read on. The CTA is set to fundamentally change corporate … Read more
Companies help owners limit their liabilities. That means the owner isn’t putting all of their own personal assets at risk due to the activities of the company. Generally, we business owners like that idea. But it does mean that those who interact with the business may be limited on recouping their damages if they are … Read more
As OG+S’s attorney licensed in Minnesota and on the heels of last week’s post about the FTC proposed rule related to non-compete clauses, I figured I should cover recent changes in Minnesota law related to non-compete agreements. If you are looking for some helpful context about non-competes, Collin’s post provides helpful context. For agreements entered … Read more
If you’re a small business owner, you’ve likely heard about the proposed rule by the Federal Trade Commission (FTC) to ban non-compete clauses. You might be wondering what this means for your business and what you should do if the rule becomes law. Let’s break it down.
You may remember the CD-ROM, that vestige of a technological age mostly past by now. This was software as a good, a tangible item for sale usable in several ways. Of course, as with time, so goes with new technology: change is inevitable. Nowadays, we download, stream, and access software without even so much as … Read more
For many recent law school grads, today is the day to sit for the dreaded bar exam. When non-lawyers ask me about the experience, they usually end up with a pained expression and tell me how glad they are to not have to do that themselves. Now that I have distance from the experience, it’s … Read more
Remote work has boomed over the past three years. Starting in March of 2020 and until at least July 31, 2023, the USCIS has allowed virtual, remote I-9 verification instead of the required in person verifications because of COVID. On August 18, 2022, the Department of Homeland Security (DHS) proposed the possibility of making virtual, … Read more
Very often we get questions from clients regarding “authorized” – “issued” – and “outstanding” shares and what the terms mean in the context of corporations and raising money. Below is a quick explanation of the terms; thanks for reading. Authorized Shares means the total (read, total ever that could be) shares a Corporation can create or “cut … Read more
A recent New York Times article discussed hidden costs associated with remote work, as well as some benefits that can be intangible and thus hard to measure. I have been thinking about the ups and downs of remote work for a while— this is logical for me considering I have experienced various remote professional and … Read more
As a business owner, you are no doubt very busy: you are building your brand, perhaps considering applying for applicable trademarks, contracting with clients and vendors, or even considering selling or buying a business. Some of the small details associated with these events can seem trivial and unnecessary. When clients approach business lawyers with these … Read more