Introduction: Your Exit Plan is Your Leverage In a closely held Minnesota business, ownership and employment often overlap. When an owner retires, becomes disabled, dies, gets

Introduction: LLCs as Close Corporations Limited Liability Companies (LLCs) have become the entity of choice for small Minnesota businesses.  New LLC Business filings in Minnesota: 2025

Introduction: The Silent Takeover In a Minnesota close corporation (or closely-held limited liability company), relationships between shareholders should start with mutual trust — but that trust

Minnesota Close Corporation Shareholder Rights & Remedies | MKT Law Introduction: Why Close Corporation Disputes Matter If you own shares in a Minnesota close corporation, you

Family businesses often encounter unique challenges. To keep things running smoothly, it is important to find a good balance and have a smart plan for both

5 common causes of shareholder disputes and how to address them Shareholders can attend meetings where they receive information about company operations and future plans. They

Contracts are the backbone of business relationships, outlining rights, responsibilities, and expectations. However, the reality is that not all agreements proceed smoothly. Unforeseen circumstances, misunderstandings, or

Non-Disclosure Agreements (NDAs) play a crucial role in safeguarding your business’s confidential information. In this blog post, we will provide you with a comprehensive guide on

Whether you are a shareholder in a closely held corporation, a partner in a partnership, or a member of a limited liability company, you and your

MKT Law recently represented a frozen-out minority shareholder-employee in a successful road construction-related business. Below is the sequence of events that led to our client’s need