In a rare twist of political cooperation, a bipartisan group of U.S. senators has introduced legislation to allow federal income tax deduction of expenses paid with a forgiven Paycheck Protection Program (PPP) loan.
Jessica assists start-up and small business entities to protect their valuable intellectual property assets while achieving their goals through creative corporate and tax planning strategies.
Jessica is a shareholder of Fredrikson & Byron and a member of its Tax Planning & Business Organization, Nonprofit & Tax Exempt Organizations, and Internet, Technology & E-Commerce Groups. Jessica supports many businesses in the role of general counsel, and deals with issues relating to choice of entity in entity formation, business ownership and disputes and the purchase and sale of businesses.
As the Chair of the Nonprofit and Tax-Exempt Entity Group at Fredrikson, Jessica also addresses a wide range of issues for nonprofit and tax-exempt entity clients. She assists in all stages of a nonprofit entity’s lifespan, from corporate formation and obtaining tax exempt status, resolving federal and state law compliance issues, to guiding nonprofit clients through winding-up and dissolving the entity. She has specific experience dealing with mergers and acquisitions of nonprofit entities, and counseling nonprofit directors and officers with regard to complying with fiduciary duties in the context of a merger or acquisition of the entity that they serve. She works with clients to structure non-profit/for-profit joint ventures and works regularly with non-profits doing international work.
In her work with the Internet, Technology & E-Commerce Group, Jessica concentrates on copyright protection and registration for a variety of works, including technology-based works such as on-line works and computer programs, as well as more “traditional” works, such as books, scripts, art and musical arrangements. She provides advice and drafts agreements relating to the transfer of intellectual property assets in transactions and provides advice in negotiating publishing and licensing agreements.
Learn More About Corporate Law:
As a business owner, what is the best way that I can avoid tax penalties?
Articles & Presentations
April 23, 2020
Can employers provide tax-free financial assistance to their employees during the COVID-19 outbreak?
March 26, 2018
It was not long ago when Congress passed the Tax Cuts and Jobs Act (TCJA), dramatically rewriting the U.S. tax code and making sweeping changes impacting both businesses and individuals.
March 1, 2018
The IRS audit rules for all partnerships (including LLCs that are taxed for income tax purposes as partnerships) have changed dramatically.
December 1, 2017
As of January 1, 2018, all Minnesota limited liability companies (LLCs) will be governed by Minnesota’s new LLC statute, Chapter 322C, including LLCs formed under the predecessor LLC statute, Chapter 322B. Chapter 322C is different in significant ways from Chapter 322B.
September 26, 2016
The short answer is “yes.” Whether you are inspired by this year’s U.S. presidential debates or otherwise to host your own debate, a 501(c)(3) can engage in various election-related activities, so long as the 501(c)(3) follows certain rules so as not to jeopardize its tax-exempt status.
December 2, 2015
New limited liability company (LLC) laws became effective in Minnesota and North Dakota earlier this year, ushering in a significantly different legal landscape relating to the rights and responsibilities of LLC members and management and third parties dealing with LLCs in those states. Although banks and bank holding companies are not typically structured as LLCs for regulatory reasons, banks and bank holding companies commonly establish LLC subsidiaries to engage in tangential activities such as insurance sales or holding other real estate (OREO). Therefore, it is important for banks to note the changes to the LLC laws. This article highlights some important aspects of Minnesota’s new LLC law (Minnesota’s New Act) and North Dakota’s new LLC law (North Dakota’s New Act) (or, the New Acts).
PUBLICATIONS & PRESENTATIONS
- Co-Presenter, “Positive Family Business Leadership and FAQs in the Time of COVID-19,” Fredrikson & Byron and Platinum Group Webinar, April 2, 2020
- Presenter, “Fundraising Legally: What You Need to Do and What Donors Need from You,” Minnesota Council of Nonprofits’ 2018 Nonprofit Fundraising Conference, July 26, 2018
- Co-Presenter, “The Impact of the New Audit Rules on Multi-Member LLCs,” Minnesota CLE: Significant Changes for Minnesota LLCs, December 7, 2017
- Co-Presenter, “Ten Legal Challenges Faced by Family-Owned Businesses,” Fredrikson & Byron’s 33rd Annual Employment & Labor Law Seminar, November 3, 2017
- Co-Speaker, “Best Practices for Selecting Your Business Entity Type,” 2017 Best Practices Conference, October 26, 2017
Honors & Education
- Temple University Law School, J.D., 1999
- University of Wisconsin, B.A., 1993, Japanese and Sociology, with distinction
- Minnesota, 1999
- Minnesota State Bar Association, North Star Lawyer
- Frequent presenter on choice of entity, closely-held business entity and tax-exempt entity at Minnesota State Bar Association Continuing Legal Education and National Business Institute seminars
- Member, American Bar Association, Minnesota Bar Association, and Hennepin County Bar Association
- Adjunct Business Practicum Professor, Spring and Fall, 2008 Spring 2009, and Spring 2010 Semesters, William Mitchell College of Law
- The Afghanistan Transitional Commercial Law Project – Advisor on Partnership Law to The Afghan Transitional Administration, 2002-2004
- United States Department of State Program presenter on intellectual property issues in Almaty, Kazakhstan, October 2002