The City of St. Paul recently passed an ordinance requiring employers to provide sick leave for employees. The ordinance, St. Paul City Ordinance 16-29 (available here), will be phased in beginning July 1, 2017. The ordinance is very similar to one passed earlier this year by the city of Minneapolis, but applies to all employers, regardless of size. If you’re an employer in the Twin Cities metro area, familiarize yourself with these requirements.
The ordinance requires employers to provide employees with one hour of sick/safe leave for every 30 hours worked. Employees may […]
Beginning on December 1, 2016, significant changes to federal overtime laws under the Fair Labor Standards Act (FLSA) will take effect. The most prominent of these changes is that the threshold salary for employees to be exempt from overtime will roughly double, from $23,660 ($455/wk) to $47,476 ($913/wk).
The good news for Green Industry businesses is that this change will only affect the relatively small number of companies with employees who previously qualified for overtime exemption but earn less than $47,476. The bad news is that the change comes at a time when a shortage […]
If you’re thinking of starting a business, you’ve probably wonder whether you could be personally responsible for business debts, how to manage having business partners, and what to do about future plans to expand, sell, or transfer your company. The answers to these questions depend on the type of business you choose to form. This article will cover the four most common business types used today, including some advantages and disadvantages of each. If you’d like more information about these or other business types, you should consult an attorney licensed in your state.
When is a probate necessary in Minnesota?
Whether or not a probate is necessary in Minnesota depends on the type and value of assets a person owns at the time of his or her death. If the assets owned by that person alone total more than $50,000 in net value or include real estate, then a probate will be necessary.
Assets that are not counted toward that total include assets that are owned jointly with other people, assets with beneficiary designations (such as life insurance policies), and assets with a Transfer on Death or Pay on Death […]