We Minnesotans like to be different. Just look at our football stadium, our beer, or our music scene. When Minnesota first created a limited liability company act, it did so in a unique way – most other states modeled LLCs after partnerships, but Minnesota mirrored laws governing corporations. In 2014, Minnesota decided to revise the limited liability company act, making it much closer to the majority rule. But as you may expect, the Revised Limited Liability Company Act retained characteristics unique to Minnesota. Read More
On May 27, 2016, the Minneapolis City Council voted unanimously to approve an ordinance that will require employers to provide paid sick leave to most workers.
While I don’t typically advise clients on employment law issues, I want to bring it to your attention so that you may start to prepare for when the law goes into effect.
The ordinance will take effect July 1, 2017, and will require employers with six or more employees to provide one hour of paid sick time per 30 hours worked, to a max of 48 hours per year. Additionally, companies with five or fewer employees will be required to provide up to 48 hours of sick leave to their employees; however, that time can be unpaid.
Here is an article outlining some of the requirements, as well as penalties that can be imposed for non-compliance. I would strongly advise reaching out to employment counsel to ensure your organization can meet the requirements and avoid any penalties. Please do not hesitate to contact me if you need assistance locating an employment law attorney.
When operating a business, minimizing risks is nearly as important as maximizing profits. Creating a legal entity such as a limited liability company or corporation is one simple step to minimize risks. We have written about the corporate shield and the limits to its protection. Even if you maintain the corporate shield, there are circumstances where your business’s creditors may be able to avoid the shield. Read More