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Valuation Discounts For business owners who intend to make lifetime transfers of part of their closely-held entity interests to their descendants, there is a vanishing opportunity for discount planning over the next few months. The IRS, in Prop. Treas. Reg. §25.2704 issued August 2, 2016, is implementing further restrictions that...

It is common practice for landlords to screen prospective tenants, and many associations require owners to conduct background checks before leasing units in common interest communities. Credit reporting agencies offer inexpensive tenant screening services that compile credit information, residential history, employment history, and public information regarding judgments, bankruptcies, evictions and...

The Who, When, and What of Ensuring Your Company is Compliant In April 2014, Minnesota joined several other states in adopting a version of the Uniform Revised Limited Liability Company Act (the “Revised Act”). The Revised Act, although not fundamentally altering the nature of Minnesota LLCs, represents a substantial overhaul...

Share Certificates and Estate Planning, Monthly Fees and Carrying Charges, and Occupancy Agreements Share Certificates and Estate Planning Q: Most cooperative bylaws prohibit anyone who is not a member from serving on the board of directors. But a growing number of cooperative members are altering the ownership of their share...