You may have heard of the phrase caveat emptor - let the buyer beware. In the context of American real estate law, this means that the burden is upon the buyer of real property to ensure it is free of defects before agreeing to purchase it. This concept finds its...
Elk River Minnesota Legal Blog
Options for Shareholders in Closely Held Corporations
New businesses frequently begin on a wave of exuberance and optimism. Riding this wave, entrepreneurs often have difficulty accepting the fact that the trust and goodwill they currently have with their business partners may not be permanent. As the business develops,...
Understanding Property Easements
Simply put, an easement is a vested right of someone other than the property owner to use the property in some limited capacity. Unlike a license, the property owner cannot simply revoke an easement when it is no longer convenient. Instead, an easement is a titled...
Contentious Issues in Commercial Property Disputes
Most people think of landlord-tenant disputes as simple and straightforward. While that may be true in the residential context - where most such disputes involve rental payments - the landlord-tenant dynamic can be quite complicated in the realm of commercial...
Minnesota’s Relocation Rules for Parents
After a divorce, you may find that you want or need to relocate with your child. There are many different reasons you might want to relocate - perhaps you've been offered a new job, remarried, would like to be closer to family members for emotional or financial...
Designing Your LLC: Member-Managed vs. Manager-Managed
Jurisdictions across the United States added limited liability companies (LLCs) to their business and corporations codes in order to provide many of the benefits of incorporation - while giving entrepreneurs the flexibility to design entities that met the particular...
Five Tips to Ensure Your Divorce/Custody Mediation Goes Smoothly
Mediation should be a smooth process that results in a mutually acceptable divorce agreement. However, mediation can be derailed if one or both spouses are not prepared for the process, do not properly disclose all relevant information or refuse to accept the...
Should You Finance Your Buyer’s Real Estate Transaction?
Seller financing occurs when a seller helps to finance a real estate sale. It is usually used when the buyer has trouble meeting the purchase price or can't otherwise qualify for a conventional loan. This process is different from a traditional loan, because the...
Does It Make Sense to Convert Your Business from a Sole Proprietorship to an LLC?
Nearly three-fourths of all businesses in the United States start as sole proprietorships. The reasons are obvious: It is simple and uncomplicated. For many entrepreneurs and consultants, it initially makes sense because there is no cost. While there are certainly...
What Is the Difference Between Guardianship and Adoption of a Child?
In both guardianship and adoption, a legal relationship is created to enable a person appointed by the court to take care of a minor child. The guardian or adoptive parent has both physical and legal custody of the child, which includes the physical care of the child...

