The members of a limited liability company are protected from personal liability to the company’s creditors absent the elements necessary to pierce the corporate veil.

One of the most difficult issues facing business founders is determining how to apportion ownership interests in a new entity. In an effort to keep

The Minnesota Court of Appeals recently affirmed a Ramsey County District Court ruling that a corporate director violated the Minnesota Uniform Fraudulent Transfer Act (“MUFTA”),

In Minnesota, corporations and limited liability companies must meet annual renewal requirements administered by the Minnesota Secretary of State or risk administrative dissolution. If an

Effective January 1, 2013, Section 1411 of the Internal Revenue Code imposes a 3.8% income tax (“Passive Investor Tax”) on investors who do not materially

On April 11, 2014, Minnesota Governor Mark Dayton signed into law the Minnesota Revised Uniform Limited Liability Company Act (“Revised LLC Act”). Minnesota is the

A recent Minnesota case demonstrates the difficulty of holding corporate officers and directors liable for the debts of the corporation. In Corporate Commission of the

In Gavaras v. Greenspring Media, LLC, 994 F.Supp.2d 1006 (D. Minn. 2014), the United States District Court for the District of Minnesota issued a declaratory

The Minnesota Court of Appeals affirmed a Ramsey County District Court ruling that a corporate director violated the Minnesota Uniform Fraudulent Transfer Act (“MUFTA”) when