Minnesota Conciliation Court Jurisdictional Limit Increases to $10,000
Effective August 1, 2012, the jurisdictional limit in Minnesota Conciliation Court (Small Clams Court) has been increased to $10,000.00 for general claims. The limit for consumer credit transactions remains capped at $4,000.00. The jurisdictional limit for general claims will increase to $15,000.00 effective August 1, 2014. See Minn. Stat. § 491A.01, subd. 3, as amended. […]
Strategies to Reduce Collection Problems
Businesses large and small regularly face the challenge of collecting from customers for the sale of products or services. Failing to aggressively pursue accounts receivable can create an expectation among some customers that the obligation owed to your business need not be a priority. Incorporating some or all of the following strategies will reduce your […]
Considerations for Incorporating Your Entity in Delaware vs. Minnesota
Whether for real or merely perceived reasons, business clients often propose incorporating in Delaware instead of Minnesota. While a Delaware incorporation may be advantageous to some businesses, those benefits often are not so certain or clear as to outweigh the benefits of incorporating in Minnesota. Perceptions of Corporate Formation in Delaware and Other States It […]