Whether someone has just started a new business or has assumed an executive role at a company, they likely hope to continue working there and helping grow the organization for some time. Owners and executives may commit years or even decades of their lives to the...
When taking on a partner, an entrepreneur hopes to connect with financial resources or expertise that will make their organization more competitive. Having a partner can help to reduce the risk involved with a new business enterprise while also providing social...
As a company owner, you know that your business could suffer financial harm if your employees leave to join the competition. It could also be detrimental to you if they leave in order to start their own businesses, which then compete against you directly. Essentially,...
You may find yourself in a situation where both you and your business partner are ready to be done, and you don’t have a lot of potential options. You can sell the business to someone else, for example. You could simply close the business down and liquidate the...
It’s a painful but unavoidable reality: If you run a business, you’re bound to occasionally run into problems and the threat of litigation. Whether that threat comes from a disgruntled former employee, an ex-partner, a supplier, a vendor or a customer, you need to...
If you own commercial real estate that you rent out to your tenants, you want to know that you can get the money owed and that you’ll be able to hold your tenants to their contracts. Then, if your tenants default, you’ll be able to seek the money you deserve and...
You want your company to grow, so you look into acquiring another business or combining your operations with a competitor's. Successful mergers and acquisitions can help a company rebrand, reach a much larger portion of the market and expand without the risk of taking...
When two businesses merge, the results may include a larger market share and a stronger brand. Some mergers are subject to intense scrutiny out of concern that it will lead to monopolization or market domination in an industry or a specific community. If your merger...
Employers in Minnesota have legal obligations to their workers. They need to comply with both state and federal employment laws. Beyond that, they also have to uphold the contracts that they execute with their workers. Sometimes, people running their own businesses...
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...
