Minnesota Operating Agreements: Previously Important, Now Essential for Minnesota LLCs
Under the Minnesota Revised Uniform Limited Liability Company Act (“Minnesota Revised LLC Act”), which applies to all Minnesota limited liability companies as of January 1, 2018, it is recommended that a Minnesota limited liability company enact an operating agreement. Under the Minnesota Revised LLC Act, failure to implement an operating agreement can have significant negative […]
Minnesota and Minneapolis Minimum Wages Set to Increase
On January 1, 2018, Minnesota’s minimum wage will increase. The increase is state-wide and affects all employees who are notexempted from the state’s minimum wage law. Some employers in Minneapolis will face a separate increase related to a recent city ordinance that also goes into effect January 1, 2018. Minnesota Minimum Wage Following January 1, […]