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Using AI in the Workplace

Using AI in the Workplace

As the adoption of Artificial Intelligence (AI) continues to grow in workplaces, it's crucial to approach its integration with a critical eye. While AI offers potential benefits such as increased efficiency, it also presents significant challenges, particularly...

Schulte, Theeler named judicial nominees by Biden administration

Schulte, Theeler named judicial nominees by Biden administration

The following is shared courtesy of the ArgusLeader.com, Stu Whitney, and South Dakota News Watch Eric Schulte and Camela Theeler, both of Sioux Falls, were officially nominated Wednesday as federal district judges by President Joe Biden’s administration, putting...

DOL Releases Independent Contractor Final Rule

DOL Releases Independent Contractor Final Rule

Earlier this month, the Department of Labor’s Wage and Hour Division released its final rule regarding worker classification, entitled “Employee or Independent Contractor Classification Under the Fair Labor Standards Act.” The final rule, which was published on...

Avoid Fines and Liability with CTA FinCEN Filings

Avoid Fines and Liability with CTA FinCEN Filings

The Corporate Transparency Act (CTA), which became effective on January 1, 2024, is a new federal law and regulatory scheme that will have a dramatic and widespread impact on millions of people. Millions of owners of LLCs, corporations, limited partnerships, and other...

What to Consider When Accepting Personal Property Collateral

What to Consider When Accepting Personal Property Collateral

What is the practical value of personal property pledged as security for a loan? The Uniform Commercial Code theoretically allows debtors to pledge their interests in a wide variety of property as security for a debt, ranging from the common, like equipment, accounts,...

Managing a Buy Now, Pay Later Loan Program

Managing a Buy Now, Pay Later Loan Program

If you purchased something online this holiday season, you were likely given multiple payment options at checkout, including an option to “buy now, pay later (BNPL)”. A BNPL loan allows borrowers to defer payment on purchased items. Borrowers pay little to nothing at...

Davenport Evans Announces New Partner Ashley Brost

Davenport Evans Announces New Partner Ashley Brost

Davenport, Evans, Hurwitz & Smith, LLP is pleased to announce that Ashley R. Brost has become a partner in the firm. Originally from Sioux Falls, Ashley Brost joined Davenport Evans in 2018. Ashley is a litigation attorney focused on commercial litigation with an...

Davenport Evans Gives Back at the Holidays

Davenport Evans Gives Back at the Holidays

Around 40 Davenport Evans lawyers, staff, and family members continued the firm’s annual holiday tradition of volunteering at The Banquet, a feeding ministry, on December 19. The meal served 248 adults and 10 children. We also gave out winter gloves donated by...

Avoiding Lending Limit Violations in Loan Purchase Programs

Avoiding Lending Limit Violations in Loan Purchase Programs

Many South Dakota banks seek to diversify their loan portfolios to include commercial or real estate loans originated in other markets. Because South Dakota banks may lack the ability to originate loans themselves in areas outside of their normal geographic market,...