Investing in real estate can be a complicated process. That is why many people turn to establishing limited liability companies, or LLCs, to account for all of the complex legal and tax implications of owning multiple properties. Before you advise someone on their options or choose one for yourself, here are some things you may [...]
The challenges caused by the COVID-19 pandemic gave us time to rethink our priorities and expectations. Estate planning is one area that has received a lot of attention, and for good reason. Everyone should consider the following: Document review: Are the papers in place? The COVID-19 crisis has caused many people to recognize that things [...]
Attendees of this workshop will learn how to optimize financials and develop strategies for their small business. Questions are encouraged on the following topics presented by local professionals with expertise in the area: Learn about the importance of a business succession plan with attorneys Laura Kohlenberg and Cathy Jones of Rochford Langins Jarstad Analyze your [...]
Many businesses in Plainview, Rochester, Wabasha and surrounding areas are struggling. Among the many relief provisions passed by Congress in recent days are loans focused on small businesses. This isn't entirely new to the SBA, which has long been in the loan business, but recently passed laws supercharged the offerings. As with so many government [...]
Rochford Langins Jarstad law firm will continue to provide legal services to clients through several virtual options during the outbreak of COVID-19 (coronavirus). We remain dedicated to meeting the legal needs of our clients while prioritizing the health of the communities we serve. Please call our office with any questions or concerns you may have.
Whether your business is a start-up or a mature business, exit planning should be part of your overall business plan. That may sound counterintuitive, but the fact is that no one knows when they may have to leave their business. Exit Strategies Not including an exit strategy in your business plan is understandable when your [...]
Dear Friends, Family, Colleagues, and Clients, We are proud to announce the merger of our two law firms, Rochford & Langins, LLC and Schreiber and Jarstad. Under the new firm name of Rochford Langins Jarstad LLC, our lawyers and staff will be combining their knowledge and talents into one powerful team of advocates. Our offices [...]
Perhaps you have recently purchased some investment property. Or maybe you have been running a side business for years. If you have ever wondered whether it would be worth it to incorporate your business by creating a LLC, limited partnership, or S-corporation, read on! Asset protection. LLCs, Limited Partnerships and S-Corporations offer liability protection. This [...]
Most business owners are looking for additional liability protection when establishing their estate plan. They are typically fearful of an employee or customer suing for more than their insurance will allow for, or piercing the corporate veil and then coming after the owner’s personal assets. A revocable living trust is a great tool for incapacity, [...]
In the News: How does Minnesota’s new Limited Liability Company Act affect my business in Southeastern Minnesota?
First a brief overview. Governor Mark Dayton signed into law the Minnesota Revised Uniform Limited Liability Company Act (the “Act”) on April 8, 2014. The Act became effective on August 1, 2015, for all LLCs formed on or after that date. Minnesota LLCs in existence on July 31, 2015, remain governed by the present Minnesota [...]