Business Lawyer St Paul

Limited Liability Limited Partnerships

Dec 2nd, 2011 | By | Category: Business Lawyer St Paul, Legal Notes

A Limited Liability Limited Partnership (LLLP) is a relatively recent modification of a traditional limited partnership, and about half of the states in the U.S. have adopted statutes for their formation. In this article, I will highlight some of the most prominent features of the LLLPs. As I already mentioned above, LLLPs are a modification [...]

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Business Lawyer St Paul: Essential Characteristics of Closely Held Corporations

Jan 15th, 2011 | By | Category: Business Lawyer St Paul, Legal Notes

Most small business lawyers in St. Paul deal with closely held corporations. In order to understand this form of business entity, it is useful to explore the essential characteristics shared by the predominant majority of closely held corporations. The purpose of this article is to provide a general overview of four most common characteristics of [...]

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Business Lawyer Minneapolis |Registering Assumed Name in Minnesota

Dec 11th, 2010 | By | Category: Business Lawyer St Paul, Legal Notes

If you are required to register an assumed name for your business (to learn about who is required to register an assumed name, click here), it is important to follow through with all of the registration requirements. There are three basic step to registering an assumed name in Minnesota. 1. Fill-out Certificate of Assumed Name [...]

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Minnesota Certificate of Assumed Name: Who Must File

Dec 9th, 2010 | By | Category: business lawyer edina, Business Lawyer St Paul, Legal Notes

Over the years, as a business lawyer in St. Paul, I have had questions from my clients about whether they are supposed to register their assumed name with the Minnesota Secretary of State. In this short essay, I briefly address this issue. Generally, pursuant to Minn. Stat. §333.01, Subd. 1, any individual, corporation, limited partnership [...]

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Minnesota Business Lawyers: Applying for a Business License

Oct 30th, 2010 | By | Category: administrative appeals lawyer Minneapolis, Business Lawyer St Paul, Business Lawyers Minneapolis MN, Legal Notes

In many industries, obtaining a business license is one of the most significant prerequisites for doing business in Minnesota. Paradoxically, despite its importance, too many businesses resist involving Minnesota business lawyers in this process from the very beginning – at the stage of the business license application preparation. Instead, attorneys throughout Minnesota (including Minneapolis business [...]

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Minnesota Money Transmitter License Application: Required Enclosures

Aug 27th, 2010 | By | Category: Business Lawyer St Paul, Legal Notes, minneapolis business lawyer

When a business entity applies for a Minnesota money transmitter license, the applicant must be aware that, in addition to answering the questions on the application, the Department of Commerce (“Department”) requires a large number of additional documents that must accompany the original license application. While the precise nature of the required documentation varies depending [...]

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Minnesota Money Transmitter License Application: Expiration of Initial License Considerations

Aug 26th, 2010 | By | Category: Business Lawyer St Paul, Business Lawyers Minneapolis MN, Legal Notes, minneapolis business lawyer

Applying for a money transmitter license in Minnesota can be an expensive enterprise, and the applicant should make sure that he will be able to maximize the benefits that can be derived from the license. The definition of the licensed period, therefore, becomes one of the most important considerations. The Department of Commerce (“Department”) states [...]

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Eugene Sherayzen re-appointed to the Publications Committee of the MSBA

Jul 16th, 2010 | By | Category: Business Lawyer St Paul, Contract Lawyers Minneapolis MN, Contract Lawyers St Paul MN, Legal Notes, minneapolis tax lawyer

On June 30, 2010, Eugene Sherayzen, Esq., was re-appointed for the second time to the Minnesota State Bar Association Publications Committee. The Committee is responsible for overseeing the budget and publication of the most important Minnesota legal journal, “Bench & Bar”.

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Net Worth Requirement for Money Transmitter License in Minnesota

Jun 5th, 2010 | By | Category: business lawyer edina, Business Lawyer St Paul, Business Lawyers Minneapolis MN, business lawyers rochester mn, Legal Notes

An applicant for a money transmitter license in Minnesota must comply with Minn. Stat. §53B.05 net worth requirements. Under Minnesota law, each licensee engaging in money transmission in three or fewer locations in the state, either directly or through authorized delegates, must have a net worth of at least $25,000. However, if a licensee engages [...]

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Top 3 Reasons to Hire Attorney to Represent You in a Contested Hearing Conducted by the Office of Administrative Hearings

Apr 28th, 2010 | By | Category: Business Lawyer St Paul, Business Lawyers Minneapolis MN, business lawyers rochester mn, business litigation lawyer minneapolis, Legal Notes

In this article, I will discuss three most important reasons for retaining a lawyer to represent you in a Contested Hearing conducted by the Office of Administrative Hearings (OAH). 1. Contested Hearing conducted by the OAH is an Administrative Version of a Trial Contested Hearing is an administrative trial. In most ways, it is highly [...]

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