Day: October 13, 2022

Alternative Financing For Small Businesses

Metropolitan Consortium of Community Developers (MCCD) is a network of nonprofits that provide small loans and financial advisement to small business owners in the metro area, in addition to affordable housing development. MCCD has loaned over $6.7 million to over 550 entrepreneurs for start-up and expansion projects. There are five focus areas that MCCD works …

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Managing Digital Property Under The Revised Uniform Fiduciary Access To Digital Assets Act

The Revised Uniform Fiduciary Access to Digital Assets Act (RUFADAA) has swiftly expanded across the country, and has already been enacted in 32 states including Minnesota in August 2016. The RUFADAA places the responsibilities of properly planning for digital property on estate professionals. A common misconception is that this law automatically allows fiduciaries access to …

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Should You Take Advantage Of A Deferred Compensation Plan?

Deferred compensation plans are a way for highly paid employees to save more money than their 401(k)’s typically allow for.  By deferring earned income, the employee is able to defer taxes until after retirement, when the employee’s tax bracket is more favorable.   This allows for individuals to supplement their income after retirement. The plan, however, comes …

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