If you are the owner of a business, you know that you can’t run it forever. Like taxes, retirement and death are sure things. When your business has outlived you, many people—clients, employees, vendors, investors, family—are all going ask the same question: “who is...
Another SJJ Victory at the Minnesota Court of Appeals
Glaros Hanson v. Midwest Inv. Servs., LLC, 2020 WL 5647239 (Minn. Ct. App. 2021) Smith Jadin Johnson attorneys Charles Austinson and Tim Johnson recently won a case at the Court of Appeals disqualifying an attorney from representing a company against one of its...
Why Business Owners Need Confidentiality and Proprietary Rights Agreements
At Smith Jadin Johnson, we represent a wide variety of businesses. In doing so, our firm often discovers that clients have key employees that are aware of the business’s confidential information and yet no protections are in place for preserving that information. This...
THE CARES ACT: HELPING YOUR SMALL BUSINESS SURVIVE THE COVID-19 PANDEMIC.
The Federal Government has passed the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) to help small businesses cope with the economic downturn caused by the COVID-19 pandemic. The CARES Act includes both low-interest forgivable payroll protection...
Business Owners – COVID-19 Update!
The novel coronavirus known as COVID-19 has become a global pandemic and will change business as we know it for the foreseeable future. It will almost certainly throw the global economy into a recession as people start adapting to social isolation and containment...
Buy/Sell Agreement – A Necessity for Every Privately Held Business with Multiple Owners
A properly drafted buy/sell agreement for privately held businesses with multiple owners avoids the risk of costly litigation that can occur when a co-owner departs from the business. The following scenario is an example of the financial risk in not having a buy/sell...
Eleven Tips to Avoid Litigation
If you are a business owner, you need to make sure that all of your customers, employees, and business contacts are happy. For better or worse, more and more people turn to lawyers when things don't go the way that they expect. Litigation can be quite costly, both in...
