Category: Corporate & Business law
Medical Cannabis: What it Means for Minnesota Employers
July 1, 2015 | Joan M. QuadeAn brief overview of the new law by attorney Joan M. Quade and law clerk Tyler W. Eubank The New Law for Minnesota Residents In the Spring of 2014, Governor Mark Dayton signed a bill into law authorizing the use of medical cannabis. The law became effective on July 1, 2015. Regarded as one of the most restrictive medical cannabis laws in the nation, the law only allows for the use of cannabis to treat a number of chronic diseases such as HIV, AIDS, glaucoma, Tourette’s syndrome, seizures, and Crohn’s disease. The law also allows the use of cannabis in the treatment for cancer where the patient suffers from chronic pain, nausea, or severe wasting. Once a doctor has determined that a patient has a qualifying disease, the patient must apply to be placed on the state-wide registry. A medical cannabis dispensary may only give cannabis products to people who are on the registry. Minnesota Restrictions for Medical Cannabis The law also provides that medical cannabis may only be administered and consumed in a number of ways. The patient may take cannabis in oil, vapor, or pill form. The patient may not smoke marijuana. The law does not save a person from liability from negligence or professional malpractice for being under the influence…
Read MoreMinnesota's New Limited Liability Company Act
June 30, 2015 | Bradley KletscherOn April 8, 2014, Governor Dayton signed into law the Minnesota Revised Uniform Limited Liability Company Act which will be codified in new Chapter 322C of the Minnesota Statutes (the “MRULLC”). The MRULLC will become effective on August 1, 2015 for all Limited Liability Companies (“LLC”) formed on or after that date. LLCs in existence on July 31, 2015 will remain governed by the present Minnesota LLC Act, Chapter 322B (“Chapter 322B”), but may elect after that date to be governed by the New Act. Any Chapter 322B LLCs that have not elected to be governed by the New Act will automatically become subject to the New Act on January 1, 2018. Significant aspects of the MRULLC, compared to Chapter 322B, include the following: Model change toward partnership Chapter 322B closely resembles the Minnesota Business Corporation Act. Chapter 322Bs default rules establish a corporate structure, with members, a board of governors and managers more analogous to shareholders, a board of directors and officers in a corporation. The MRULLC defaults to member management (similar to a partnership), but permits manager management and board management. Board management is to permit existing LLCs to continue with their current structures. Operating Agreements Chapter 322B contemplates that an LLC will have a member control agreement and bylaws, which…
Read MoreBGS Attorney to Present at Business Succession Seminar
October 8, 2013 | Barna, Guzy & Steffen, Ltd.Northeast Bank is sponsoring a seminar called “Succession Planning Strategies” on Wednesday, October 23, 2013 from 7:30-9:00 am. BGS Corporate and Business law attorney Daniel Ganter has been invited to participate and speak during this event. Dan will be speaking and answering questions about succession planning along with CPA Tim Kenyon of Cummings, Keegan & Co. PLLP. Dan and Tim will cover succession planning time line and process, as well as the role and importance of buy/sell agreements. The talk will help guide listeners in understanding how a business sale progresses and occurs to help secure the future of the business. Ganter has practiced corporate and business law for over 28 years. He has handled many buy-sell agreements over the course of his career. This is the third seminar he has participated in this year. He presented at a National Business Institute Seminar this past spring entitled: “Helping Your Client Buy or Sell a Small-to-Medium Sized Business.” Ganter also participated in a Minnesota Small Business Symposium called “Buy/Sell Techniques for Business” in January. He routinely handles many other business issues as well. “Succession Planning Strategies” will be held at Jax Café, 1928 University Avenue NE, Minneapolis, MN. To register for the seminar, visit
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