Minnsights Blog
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The 2023 legislative session ushered in a host of significant legislative changes, impacting businesses and employees alike. From tax increases to new business regulations, staying compliant with these evolving laws is crucial. To help your business navigate these changes effectively, the Minnesota Chamber of Commerce is your trusted partner in keeping your business compliant with new labor law posters.
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Lawmakers passed a new law that prohibits employers from meeting or communicating with their employees on public policy. The “captive audience” law stipulates that communications must be “wholly voluntary” and not be political or religious in nature. There is a federal preemption of these laws, and they have been litigated in other states. Minnesota’s law is effective on August 1, 2023.
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Business succession and transition mark key points in a business’ life and the owner’s life. While representing a new era, business succession and transition (BST) requires significant effort and change from everyone involved. BST planning can help ensure long-term, sustainable success and a smooth exit for the owner.
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This year, the Legislature passed the most sweeping paid leave mandates on business in state history. Despite more than 80% of Minnesota members offering leave to their employees, the state now mandates all employers to grant employees sick, safe and paid time off equaling nearly 40% of a work year.
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The Minnesota Legislature passed many bills this legislative session. Here is a timeline of when those bills become a reality for your business.
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