News
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Minnesota Recognizes Pet Trusts
Apr 18, 2019 | Mary Alice FlemingTwo-thirds of pet owners consider their pets a part of the family, however, you might find it surprising that in the eyes of the law pets are categorized as “personal property,” no different than your household goods and furnishings. Read More About Minnesota Recognizes Pet Trusts
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The State of Colorado is providing incentives and education to businesses considering using ESOPs in their succession planning. Read More About Colorado Aiming to Promote Employee Ownership Model
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On March 7, 2019, the Department of Labor (“DOL”) announced a new proposed overtime rule that would increase the minimum salary threshold under the Fair Labor Standards Act (“FLSA”) for certain overtime exemptions. Read More About Department of Labor Announces New Proposed Overtime Rule
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Another Community Bank Forms ESOP
Mar 11, 2019 | Timothy L. StewartNearly 100 employees working at RiverWood Bank have a new stake in their company. In the past several months, the company serving nine cities in north central Minnesota has launched an employee stock ownership plan, or ESOP. Read More About Another Community Bank Forms ESOP
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Secretly recording conversations in the workplace – is that legally permissible? Conversations and telephone calls can be easily and discreetly recorded. This can pose ethical and legal problems, including in the workplace. Read More About Secretly Recording Conversations in the Workplace – Can You Do That?