You’ve worked hard to build a successful business and have built up some significant personal assets. You were smart enough to sell stocks before the recent stock market downturn so you have a fair amount of cash built up. You own a few pieces of real estate. One night your 18 year old son is
Business Litigation
State of Iowa to Step Up Contractor Misclassification Efforts
By Rush Nigut on
The State of Iowa recently announced that it intends to step up efforts to enforce independent contractor misclassification. It is anticipated these enforcement efforts could bring in millions to the state coffers.
For more information on this topic please see my recent post on IowaBiz and another post from August of 2007 warning about independent…
2009 Iowa LLC Law Changes: A Key Management Provision
This blog post is the fourth in a series of blog posts highlighting changes in the 2009 Iowa Limited Liability Company Act. The new law applies to all LLCs filed in Iowa after January 1, 2009. The new LLC law will apply to older LLCs beginning on January 1, 2011 unless otherwise agreed by the…
2009 Iowa LLC Law Changes: Statements of Authority
This blog post is third in a series of blog posts highlighting changes in the 2009 Iowa Limited Liability Company Act. The new law applies to all LLCs filed in Iowa after January 1, 2009. The new LLC law will apply to older LLCs beginning on January 1, 2011 unless otherwise agreed by the members.
In…
2009 Iowa LLC Law Changes: Operating Agreement Pitfalls
This blog post is second in a series of blog posts highlighting changes in the 2009 Iowa Limited Liability Company Act. The new law applies to all LLCs filed in Iowa after January 1, 2009. The new LLC law will apply to older LLCs beginning on January 1, 2011 unless otherwise agreed by the members.…
Significant Changes to Iowa LLC Law Coming in ’09
There are significant changes to the Iowa limited liability company (LLC) statute effective January 1, 2009. The changes include everything from how an LLC is initially formed and filed with the Secretary of State to changes that apply when a member leaves (i.e. disassociates) from the LLC.
Check back over the next couple of weeks for…
Don’t Expect to “Get Out” of a Franchising Agreement
By Rush Nigut on
In this current economic downturn many people will lose their jobs. Many of those individuals will turn to franchising as a form of business ownership instead of opting for another position in the corporate world. While franchising may be a legitimate option for some, it is important for prospective franchisees to remember that it is…
Insurance for Employee Lawsuits: Don’t Forget to Check Coverage
By Rush Nigut on
Good article on IowaBiz regarding insurance for employee lawsuits. Most businesses would be smart to explore this type of insurance coverage, especially in today’s slumping economy.
I think many small businesses are under the mistaken believe that they are covered for employment lawsuits through their ordinary business liability coverage. This is usually not the…
Des Moines Franchise Case: All About the Trees
By Rush Nigut on
Week one in the Des Moines Franchise Case is in the books. Looks like the trial will last another couple of weeks. In the first week several city council members and officials testified but the bottom line is that this case boils down the the experts and the trees.
As discussed in my previous post, the…
City of Des Moines Utility Franchise Tax Trial Begins Today
By Rush Nigut on
The City of Des Moines utility franchise tax trial begins today. The following is a summary of the procedural aspects of the case and what is at stake.
Initially, the Des Moines had been sued in District Court by Lisa Kragnes seeking to declare the utility franchise fee found on MidAmerican Energy bills illegal. Kragnes won in district…