THOUGHT LEADERSHIP

Sellers and Buyers: Competing Interests

| May 9, 2014
Commercial Real Estate, Purchase Agreements

Whenever assets constituting a functioning enterprise are transferred in a taxable transaction, Section 1060 of the Internal Revenue Code requires the seller and buyer to allocate the purchase price among the transferred assets. Treasury Regulations require sellers and buyers to allocate the purchase price to and among seven classes of assets according to the relative […]

| May 2, 2014

Congratulations to Christopher J. Burns, Joseph T. Dixon, Jr., Kathryn A. Graves, Scott A. Neilson, David Bradley Olsen, and Clark D. Opdahl for being recognized as 2014 North Star Lawyers. This year, the Minnesota State Bar Association certified pro bono service for over 950 attorneys and will celebrate with a full page recognition in the […]

| April 28, 2014

Four Henson Efron attorneys were featured on the list of “Top Women Attorneys in Minnesota” in the April print edition of Mpls/St. Paul Magazine.  Attorneys were selected from the 2013 Super Lawyers and Rising Stars lists, which uses a patented multiphase selection process in which peer nominations and evaluations are combined with third party research. […]

| April 25, 2014

Estate planning, trust and probate attorney Christopher J. Burns announced he will be running for re-election to the Woodbury City Council. He was first elected in 2010 and currently chairs the Woodbury Street Rehabilitation Task Force. If re-elected, it would be his second and final term. Read the full article from the Woodbury Bulletin here.

| April 20, 2014

Business law attorney Rochelle L. Hauser represents and advises companies and individuals on a wide variety of corporate and business matters. With extensive legal experience in areas including business formation, reorganizations, and general contract matters, she co-presents a series of legal seminars on different topics for small business owners in collaboration with WomenVenture, an organization […]

Letters of Intent: How They Go Awry

| April 18, 2014
Commercial Real Estate, Purchase Agreements

As a deal lawyer, I love getting the phone call from a client about a new transaction. My heart sinks, however, when the client happily tells me how simple it will be because they have signed a letter of intent—without a lawyer reviewing it.  A letter of intent (“LOI”) is not necessarily a bad thing, […]