January 01, 2024
Dunlap Seeger
Beginning January 1, 2024, and pursuant to a new federal law known as the Corporate Transparency Act (CTA), many companies will be required to report information to the U.S. government about their beneficial owners (i.e., the individuals who ultimately own and control the company). These companies will have to report the information to the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury. The CTA, passed by Congress in 2021, creates a new beneficial ownership More +
March 29, 2020
Dunlap Seeger
As we all now wade through the effects of Coronavirus (COVID-19) on our business and markets, business owners and management need to quickly identify and plan for issues. Below is a brief, non-exhaustive checklist of some key business areas to assess. These initial considerations are intended to help first identify the issues your company faces, then an analysis, prioritization and understanding of the circumstances become your vital next step. Contracts: Identify and review existing, critical contracts for key provisions impacting your More +
March 22, 2020
Dunlap Seeger
Review your workplace policies to consider any measures necessary to protect employees from the current outbreak: Travel policies – consider alternatives to work-related travel to affected areas, and other potential measures to implement around business and personal travel Prepare policies for operations under multiple scenarios and locations Develop business continuity plans in preparation for closures in offices and facilities Test remote access to systems Identify critical business functions which are unable to be performed remotely and develop solutions to perform those More +
July 22, 2019
Dunlap Seeger
Learn about the legal necessities of expanding your business from a Rochester business and employment law firm. Southeastern Minnesota is expected to see a significant increase in the workforce in the near future. Rochester’s Destination Medical Center itself is expected to increase the local economy by about 35,000 jobs. In September, the Southeast Minnesota Index of Leading Economic Indicators forecast increased business opportunities in the area. Local businesses who have worked hard to secure some financial stability may seek to More +
May 22, 2019
Dunlap Seeger
According to an article published in the Minneapolis/St. Paul Business Journal, there are 5.5 million family-owned businesses in the United States which generate approximately 57 percent of the nation’s gross domestic product. Succession planning, while important for any company, is absolutely critical for a family-owned business. Family businesses “have the most to lose” when an experienced and seasoned leader steps down and there is no business succession plan in place to guide the next generation of leaders. While around 30 percent More +
