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Welcome to a fun and informative podcast about a variety of legal topics! Fafinski Mark and Johnson (FMJ) is a full-service commercial law firm with 18 different practice areas to...
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Welcome to a fun and informative podcast about a variety of legal topics! Fafinski Mark and Johnson (FMJ) is a full-service commercial law firm with 18 different practice areas to handle just about anything a business or entrepreneur may need. This podcast is hosted by FMJ attorneys from multiple practice areas, and they will discuss a wide range of legal topics, including Business Law, Litigation, HR and Employment, Sports and Entertainment, Mergers and Acquisitions, Estate Planning, and even Aviation. Please visit fmjlaw.com to learn more about the firm, and you can click here for our showpage. We hope you enjoy listening!
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15 OCT 2024 · David Ness joins Adam Brown to talk about hot topics in estate planning right now, especially the sunset of the Tax Cuts and Jobs Act of 2017 and Beneficial Ownership Information (BOI) reporting under the Corporate Transparency Act (which applies to almost anyone that has a business or holds property in an LLC or other business entity).
Dave provides a primer on estate and gift taxes to help explain the process and strategies to consider as part of an overall estate plan. This includes caps, exclusions, exemptions, and other background information. Dave also talks about the sunset of the Tax Cuts and Jobs Act at the end of 2025, which will increase the number of estates subject to federal estate taxes. And Dave compares state and federal estate tax considerations. For example, Minnesota includes a three-year lookback period for gifts. Dave also addresses planning for potential changes in residency.
In addition, Dave talks about some of the current trends with core planning strategies, he outlines considerations such as beneficiary designations and power of attorney, and he discusses one of the most popular planning strategies right now, the Spousal Lifetime Asset Trust (SLAT).
Dave and Adam then switch gears to discuss the Corporate Transparency Act (CTA) and the upcoming deadline for Beneficial Ownership Information (BOI) reporting. Most LLC or small business entities need to submit a BOI report before January 1, 2025, and this includes anyone that holds property (including the family cabin) in an LLC or business entity. Dave outlines reporting considerations, the definition of beneficial owners, required reporting information, and potential exemptions. FMJ has been helping a number of clients to complete the reporting requirements, to analyze whether they need to report in the first place, and to prepare tracking structures in case updated reports might be needed in the future.
3 OCT 2024 · There have been so many recent developments in the legal landscape of college athletics. Nate Snyder sits down with Adam Brown to help Adam make sense of it all. Plus, they are joined by FMJ's legal extern for the Fall Semester, Erick Kriewaldt. During this episode, the team talks about conference restructuring (including the apparent success for the Big 10 and the issues for the Mountain West and Pac 12), contracts and agreements between conferences, potential poaching fees, lawsuits and potential damages, antitrust issues, redshirt questions and developments (including the recent situation at UNLV), collectives, NIL developments and issues, player and athlete empowerment in college sports, boosters and new guidelines/definitions in that space, new developments in the House v. NCAA case, and more. Phew! There is so much happening on and off the field, and FMJ is here to help.
24 SEP 2024 · Jamie Briones and Adam Brown are back to discuss additional topics and items that arise in pre-litigation stages. Specifically, they talk about document management and retention, communications (including emails and texts), contracts or evidence of agreements between parties, attorney-client privilege, and confidentiality. Jamie also goes through the settlement process and what goes into a settlement agreement, including provisions such as payments and terms, releases, and non-disparagement provisions.
Click below to listen to Episode 24, or you can find us on most major podcast platforms. Also, check out Episode 18: Pre-Litigation (Part 1).
2 AUG 2024 · Natolie Hochhausen and Adam Brown analyze the new pay transparency law in Minnesota, which requires covered employers to include wage/salary ranges and benefit information in job postings.
Natolie and Adam discuss covered employers, requirements under the new law, its effective date (spoiler alert - it's January 1, 2025), and the policy behind pay transparency laws. They also discuss the impact this law will have and the numerous questions it raises, including compliance and enforcement issues, potential penalties, if any, the level of detail and information that will be required, and the lack of specificity in the law as it is currently drafted. This new law will likely have a significant impact on covered employers, and it is time to start thinking about strategies now.
31 JUL 2024 · In this special episode of the FMJ Law Podcast, Bob Fafinski takes a look back at the history of the firm and talks about its bright future. Bob and Adam Brown discuss Bob's career trajectory, the origin story of FMJ, the firm's practice philosophy, the keys to success over the years, and the next steps for the firm.
Bob also talks about his entrepreneurial spirit, the need for attorneys to have a "servant's heart," the importance of creating strong professional relationships with clients and colleagues, and his overall practice philosophy. Bob discusses changes in the legal industry over the years, moves that have worked well for the firm, and transitioning from operator to owner. This was a fun conversation, and it was great to hear Bob talk about building a successful business, the firm's dedication to serving the middle market, and providing sophisticated legal service at a compelling value. It was also fun to listen to Bob as he reflected on working with so many great people and friends over the years, and as he looked ahead to the future of FMJ.
20 JUN 2024 · Are you thinking of buying or selling a business? In this episode, Rob Fafinski and Adam Brown go through the transaction process from start to finish. Rob breaks down a deal at each step along the way, on both the buy and sell side, including asset deals, equity/stock deals, entrepreneurship through acquisition (ETA), and self-funded searches. Rob and Adam talk about letters of intent (LOI), EBITDA analysis, SBA loans and conventional lending, financial diligence, quality of earnings (Q of E), negotiations, legal due diligence, purchase agreements, earnouts, promissory notes, indemnity, warranties, disclosure schedules, and the closing process.
Rob also discusses a number of other considerations involved when a business is sold, including ongoing management of the business, HR & employment considerations, employee benefits, real estate matters, leasing, third-party contracts, leasing, funds flow, insurance and risk management, potential litigation or liability questions, carve outs, indemnification agreements, enumerated liabilities, and more. Rob and Adam also talk about the importance of building strong, lasting client relationships and trying to make this complicated and very involved experience as positive as possible for everyone involved.
28 MAY 2024 · Nate Snyder and Adam Brown discuss the recent 2.8 billion dollar settlement the NCAA has entered into in multiple class action lawsuits, including House v. NCAA, Hubbard v. NCAA, and Carter v. NCAA. These were cases based in antitrust law, and the settlement is still subject to approval by a Federal Judge. The settlement does not necessarily establish legal precedent, but it does give some indication as to what the NCAA will do in the coming years, and it opens the door to a model that is much closer to a "pay-for-play" setup. There are other antitrust-based cases that are not part of this settlement, including the Fontenot case, and there are other employment and unionization cases pending in other areas. Nate and Adam talked about what could happen going forward with all of these cases, and they discussed this settlement's potential Title IX implications, its possible impact on the transfer portal and collectives, what will happen with so-called "non-revenue" athletes and sports, and other emerging areas to watch going forward.
25 APR 2024 · V. John Ella and Adam Brown discuss Executive Compensation in Minnesota and the United States. John and Adam talk about a variety of topics in the Executive Compensation and HR space, and they cover a wide range of topics, including the definition of what makes an "executive," the history of executive and employee compensation in the U.S., benefits, salaries, stock, equity/ownership, restricted stock, stock options, stock appreciation rights, valuation appraisals, and phantom equity. They also discuss strategies for incentivization and retention, bonuses (retention, signing, annual, and performance), commissions, "Pay for Performance," 409A plans, and newer trends such as private equity investments, profits interest agreements, supplemental executive retirement plans (SERPs), deferred compensation, long-term incentive plans, and non-voting membership interests. So, they cover quite a bit!
18 MAR 2024 · Meet Jamie Briones! Jamie is one of our Litigation Attorneys at FMJ, and she will be joining the podcast rotation going forward.
In this episode Jamie and Adam discuss a variety of topics and items that arise in pre-litigation stages. Specifically, they talk about demand letters/cease and desist letters, strategies before litigation formally begins, Litigation Holds, Service of a Summons and Complaint, Hip Pocket or Pocket Service rules, service by publication, and personal service. Jamie also gives insight into the pre-litigation process and the strategy considerations that go into a case before it technically becomes a case.
28 FEB 2024 · In this episode, our special guest https://www.otcpas.com/team/matthew-klein/, a Principal in the Tax Department of https://www.otcpas.com/, joins https://www.fmjlaw.com/professional/fafinski-rob-iii/ and https://www.fmjlaw.com/professional/adam-j-brown/ to talk about current trends in accounting. Matt works primarily with privately-held businesses, including S-Corporations, closely-held corporations, partnerships, and individuals, and his work overlaps quite a bit with the legal work we are doing at FMJ.
The group discusses a variety of accounting topics, and the interactions with the legal side, in a variety of practice areas, including manufacturing, mergers and acquisitions, and estate planning. Matt discusses planning strategies, valuations, pass through entity tax deductions, bonus depreciation changes, R&D taxation and potential fixes, and the December 2017 Tax Act with its upcoming estate tax exemption sunset. In addition, Matt discusses current trends and topics he is seeing in the accounting industry.
It was a fast-paced, fun discussion covering a broad spectrum of topics, and there was even a reference to Hallmark movies. We are thankful to Matt for taking the time to join us!
Welcome to a fun and informative podcast about a variety of legal topics! Fafinski Mark and Johnson (FMJ) is a full-service commercial law firm with 18 different practice areas to...
show more
Welcome to a fun and informative podcast about a variety of legal topics! Fafinski Mark and Johnson (FMJ) is a full-service commercial law firm with 18 different practice areas to handle just about anything a business or entrepreneur may need. This podcast is hosted by FMJ attorneys from multiple practice areas, and they will discuss a wide range of legal topics, including Business Law, Litigation, HR and Employment, Sports and Entertainment, Mergers and Acquisitions, Estate Planning, and even Aviation. Please visit fmjlaw.com to learn more about the firm, and you can click here for our showpage. We hope you enjoy listening!
show less
Information
| Author | Adam Brown |
| Organization | Adam Brown |
| Categories | Business |
| Website | - |
| adam.brown@fmjlaw.com |
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