Sjoberg & Tebelius, P.A. Blog
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Covers a range of topics, including Business Law, Employment Law, Estate Planning, Family Law, and more. Sjoberg & Tebelius, P.A. are a group of Seven Minnesota attorneys practicing business law, estate planning, tax planning, family law, real estate, employment, and personal injury.
Sjoberg & Tebelius, P.A. Blog
2w ago
If you’re getting divorced, it can have an impact on your plans for future retirement. This is especially an issue if you are 50 years old or older, which is known as a gray divorce. You are getting closer to retirement age, so you need to pay close attention to your financial future while getting divorced. But how is the…
The post 2 ways that divorce can impact your retirement first appeared on Sjoberg & Tebelius, P.A ..read more
Sjoberg & Tebelius, P.A. Blog
1M ago
Studies vary, but there is no denying that a significant number of businesses in the U.S. have heavy family involvement. Keeping the business in the family has several advantages. Who is more trustworthy than a close family member? However, the harsh reality is that many family businesses don’t survive. It can be hard to scale up a company when it…
The post Could a merger help your family business? first appeared on Sjoberg & Tebelius, P.A ..read more
Sjoberg & Tebelius, P.A. Blog
1M ago
Child support is a parental responsibility that parents may owe to their children under the law. It is common for the parent paying support to feel angry about that obligation because it generates financial stress for them. The parent receiving the payments may also be unhappy with the arrangements because the support often comes nowhere close to the monthly costs…
The post 3 reasons to ask the courts for a child support modification first appeared on Sjoberg & Tebelius, P.A ..read more
Sjoberg & Tebelius, P.A. Blog
1M ago
The Minnesota legislature recently amended the TODD statutes to address issues regarding insurance coverage of real property subject to a TODD after the death of the grantor/owner. The amendment requires a TODD grantor/owner to perform certain actions to maintain insurance coverage for a period after their date of death for their beneficiaries. The amended statute went into effect on August…
The post TODD Statutes – Maintaining Insurance After The Death Of a Beneficiary first appeared on Sjoberg & Tebelius, P.A ..read more
Sjoberg & Tebelius, P.A. Blog
1M ago
As we are approaching the end of the year, we want to remind you of the requirement to file a Beneficial Ownership Information Report (BOIR) under the CTA. The BOIR must be filed by a domestic reporting company, which is defined under the CTA as an entity that is a corporation, limited liability company, or other legal entity that is…
The post Filing A Beneficial Ownership Information Report (BOIR) first appeared on Sjoberg & Tebelius, P.A ..read more
Sjoberg & Tebelius, P.A. Blog
1M ago
Child support is a parental responsibility that parents legally owe to their children. It is common for the parent paying support (the obligor) to feel angry about the support order because it generates financial stress for them, they feel their former spouse is spending the money purely on themselves, or both. On the other hand, the parent who has custody…
The post 3 reasons to ask the courts for a child support modification first appeared on Sjoberg & Tebelius, P.A ..read more
Sjoberg & Tebelius, P.A. Blog
1M ago
Being a parent can make divorce even harder because you have your children’s well-being and future to consider, as well as your own. Tapping into your already established resources can help to ease the strain. For example, one of your most important support systems may come from your children’s school, particularly those staff members who spend a lot of time…
The post Why Tell Your Child’s School You Are Divorcing? first appeared on Sjoberg & Tebelius, P.A ..read more
Sjoberg & Tebelius, P.A. Blog
1M ago
Limited liability is a legal principle that protects business owners and shareholders from being held personally responsible for the debts and liabilities of their companies. Without the liability shield that establishes corporations and LLCs as separate and distinct legal entities, many individuals would not take the risk of engaging in business. This personal asset protection, however, is not absolute. To…
The post Why Are Corporate Formalities So Important? first appeared on Sjoberg & Tebelius, P.A ..read more
Sjoberg & Tebelius, P.A. Blog
2M ago
A distribution from a limited liability company (LLC) is a payment of cash or property made by an LLC to the LLC’s owners, also known as its members. Although state law sets forth certain default rules, LLC members can specify in the LLC’s operating agreement when and how profits are allocated, distributed, and taxed. Distribution Method and Timing Under the…
The post What Is an LLC Distribution? first appeared on Sjoberg & Tebelius, P.A ..read more
Sjoberg & Tebelius, P.A. Blog
2M ago
When making an estate plan, there are many different documents to consider. It goes far beyond just writing a will to pass your assets on to your children. A comprehensive plan is important so that things go smoothly for your family, even before your death should you become incapacitated. As such, a comprehensive plan includes a power of attorney to…
The post Utilizing powers of attorney in your estate plan first appeared on Sjoberg & Tebelius, P.A ..read more