Merging with another business can be a beneficial decision. Your company could grow much more quickly through a merger than it would be through typical business development. Rather than competing with that other business, you will now pool your company's resources...
Many reasons motivate Minneapolis-St. Paul businesses to consider merging. One of the more common ones is to share resources. Most mid-size private companies specialize in a particular field or business process. It gives them a competitive edge over others in that...
When you want to open a commercial business and need a prime piece of real estate, it can sometimes be hard to acquire. You may need to go through a planning process and put your development ideas out for a vote. Take for example this case in St. Paul in which a group...
When someone steals your intellectual property or pretends to be affiliated with your brand, it hurts your company in numerous ways. For many business owners, the first thing they think of is lost sales. After all, you’ve worked hard to build up your brand and reach...
An acquisition of another business is a massive transaction for your company. Whether you simply purchasing an existing business may be one of the fastest ways to grow your own. However, there are definitely risks that come with an acquisition. Some of these risks can...
Incorporating a business protects investors, board members and owners from personal liability for business issues. For example, if the company faces a major lawsuit, creditors can only make claims against the company's assets in most cases. However, when there has...
Strong, efficient contracts form the foundation of any successful business. Unfortunately, in their haste to either finalize a deal or build an agreement from the ground up, it is not uncommon for business owners to make errors that could jeopardize the validity of...
You may have achieved your dream 15 years ago. You launched your own business and now have seen it succeed and grow. Now, you are thinking ahead. You might want to retire in 10 years. Yet, who will take over your business then? You might not realize that more than...
“A clever person solves a problem. A wise person avoids it.” - Albert Einstein Business disputes can prove costly and disruptive, but are often avoidable with sound legal and business planning. Some of the ways Minnesota business owners are avoiding such disputes...
As a business owner, one of your biggest responsibilities is ensuring you protect your business as much as possible. When you reach a deal with a big client or choose a supplier to work with, you can’t rely only on a handshake agreement. You need to have a solid,...
