Staying compliant with Minnesota labor laws is a cornerstone of responsible business ownership. While you have other matters set, you might want to consider assessing your employees. Misclassifying them can result in heavy financial penalties that can significantly...
Running a business in Minnesota often feels manageable at first. Legal problems usually appear later, after growth, conflict or a compliance issue brings them to the surface. Delaying decisions about business structure Many owners stay sole proprietors longer than...
As a small business owner, some of your most valuable assets are not physical. Proprietary processes, client lists, pricing strategies and other confidential information help your business stand out. Managing trade secrets carefully protects your competitive edge. It...
Mergers and acquisitions (M&As) can be an exciting chapter in your business. These transactions can lead to growth opportunities, allowing you to tap into new markets and generate higher revenue. Although M&As often come with benefits, they also have risks...
New business owners often use basic contracts, with some lifting them from online sources or copying them from another business owner. It may have worked while your company was a startup, but now that your company is growing, some parts of your contract may not work...
Buying, selling, leasing or otherwise investing in farmland in Minnesota must be approached with an understanding of how they will necessarily differ from traditional residential or commercial real estate transactions. Farmland is not just property; it is also a...
Every business, no matter its size or industry, relies on branding to build recognition and trust. Trademarks are a core element of that brand identity, yet too many companies delay protecting them until a dispute arises. Proactive trademark protection is not just a...
Creating a business plan is often viewed as a tool for attracting investors or securing loans. While these are important functions of this effort, small business owners should also understand the legal benefits of having a well-crafted business plan. Keeping an eye on...
Maybe you were chosen by a loved one to be the personal representative (executor) of their estate because they believed in your business savvy. Perhaps a probate court named you because your loved one didn’t name anyone in an estate planning document before they...
Leasing commercial property can help a business connect with new customers and/or expand into new territory. However, every commercial lease involves a degree of risk. The business owner or executive planning an expansion to new facilities may need help reviewing the...