Legal Guidance For Residents Of Rice County, Minnesota

As an entrepreneur, you accept a significant amount of risk. You may forego reliable income as you devote your daily life to get in your concept off the ground. You can have personal liability in some scenarios if the business fails or faces lawsuits. If the company...

If you start a business and want to work with family, you may not think that a partnership agreement is important. However, this kind of agreement can help you protect yourself and make sure that you’re both held accountable when running the business. A partnership...

As a business owner, you know the value of your business as an asset. You also know that you want to put this into your estate plan or pass it on to your children in some fashion. This may mean creating a business succession plan for those children. However, this is...

Many people have excellent ideas for businesses and want to get started as soon as they can. Some feel that they should be able to open their doors without state involvement, but you should know that doing so could get you into legal trouble. Your business may need...

You know that you want to start your own business and you're excited about what the future holds. You have a general idea of what you'd like the business to do, based on your own skills and abilities and the research you've done on the local market. But you don't have...

Working with a partner to start a business can be a good strategy. You don't have to take all of the risks yourself, and there is someone else to share the responsibilities and provide a fresh perspective. Partnerships can be quite useful, but they will eventually run...

You create contracts to protect your business and make daily operations predictable. When you have contracted workers, you can depend on enough staff members showing up for a shift. When you have a contract with a supplier, you never have to worry about running out of...

When you run a business, one of the things you may want to plan for is the succession of that business and transfer of your business assets. If you don’t sell your properties or assets during your lifetime, then you will need to account for them in your estate and...

There are many benefits to buying an existing business rather than starting a new one. You don't have to develop processes or curate a brand. You won't have to find clients and customers or source the right kind of machinery. In theory, buying a business is a turnkey...

If you will be starting a new farm, it’s important that you understand the laws that apply to you. Setting up your farm’s business structure is important, as the structure you choose will determine your taxes and other business issues. Farming is a business, so you...