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,...
Launching your own business is an exciting prospect. You may have dreamed of being your own boss for years. Yet, you have decided to launch your IT and data security consulting firm with a partner – a former colleague you’ve remained close with over the years. You...
Noncompetes are contracts between an employer and employee prohibiting a worker from being employed by or becoming a competitor for a reasonable amount of time. These agreements are enforced when the worker’s employment ends, preventing a former employee from...
No matter the size of the business, shareholders can play a large and influential role. They are an important part of the business world. Yet clashes between business owners and shareholders can quickly lead to complex situations for Minnesota businesses, as a recent...
Billionaire Michael Bloomberg talked about the presidency as a job he may or may not want. But while Bloomberg was a canny businessman who built a finance and media empire, his business acumen may have cost him the election. In one fell swoop, Elizabeth Warren landed...
Months of due diligence, late-night conference calls, research and working with investors and lenders has nearly come to fruition. Your company’s acquisition of another business is almost complete. You just have a few more details to address in what has been...
