If you are starting a business with someone that you already know well, you may decide that you don't really need a partnership agreement. Maybe this person is a close friend from a business where the two of you already worked together. Maybe they're even a family...
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...
As a business owner, you know which information you have that is proprietary. You know which trade secrets could harm your business if exposed, and you take steps to prevent that from happening. You may have a noncompete agreement in place with your employees right...
If you are on the verge of combining your business with another enterprise, the process will likely be complex. There will be intense negotiations regarding is the price that you pay for certain assets or the way that you will run the newly-merged business. You may...
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...
Commercial properties have been selling quickly, and some of them have gone for prices that shock buyers. If you want to open and run a business in St. Paul or the surrounding area, something you may find interesting is that the city is Minnesota’s first commercial...
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...
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...
