Should I Make my Adult Child an Owner on my Bank Account? No!

No matter how trusting and responsible you and your family are, putting an adult child on your bank account as an owner can backfire, causing unintended and expensive consequences.
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Mechanics, Builders, Contractors, Electricians – Give a Pre-Lien Notice to Protect your Mechanic’s Lien Rights

Minnesota law requires contractors to provide owners with a pre-lien notice. If you don't, you lose your lien rights.
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Real Estate Closing & Income Taxes: Why You Have to Provide Information on IRS Form 1099-S or a Certification of No Reporting

As a seller, though, you should be aware that some of the documents you sign may have consequences next April when your taxes come due. The IRS requires closing agents to report on the sale of real estate in case you owe any taxes on gains from the sale. Your closing agent, who...
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Bluff County Reader Published Article on Law Office & Historic Renovation

The Bluff County Reader recently published a great article about my law office and the historic restoration.  See the entire article here at the Bluff County Reader website.
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Business Loans and Personal Guarantees – Don’t leave the company yet!

If you've personally guaranteed a business loan, ensure that you are no longer liable before you withdraw from ownership of a company.
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Why You Need a Power of Attorney Signed Before You Get Sick

A power of attorney is a gift to your family that will ease their administrative burden if they're ever trying to help you when you can't help yourself.
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Main Street Law Office Grand Opening in Grand Meadow, Minnesota

We’ve scheduled a grand opening for my law office.  Join us on Saturday, November 20, 2010 from 3:00 to 7:00 pm.  It will be an open house event with food and drinks. We’ve been remodeling our historic building for a year now, and I know people are interested to see...
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Farm Business Planning at Austin MN Riverland Community College

I just had the opportunity to meet with one of the teachers from Riverland Community College’s Farm Business Management program.  Dan Hoffman, a teacher at the Austin, MN, technical and community college, helps farm families analyze their current business practices, create...
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Verasun Bankruptcy Meeting Set in Charles City, Iowa for Farmers

Farmers affected by the Verasun bankruptcy in the Southeastern Minnesota area might be interested to know about an upcoming meeting being held in Charles City, Iowa.   The Charles City Press reports that all interested parties are invited to a 3 pm meeting at the Charles City...
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Verasun Demand Letters – History of the Bankruptcy – Why Farmers are Getting Letters Now

DTN/The Progressive Farmer posted a good article outlining the background of the Verasun Bankruptcy case.  Farmers are just now receiving demand letters, even though the ethanol plants were sold off a long time ago.  The physical assets were sold off to pay creditors, and now the...
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