Minnesota Business Entity Conversion

Business Entity Conversion can be a long, complicated process. Depending on the type of business you own, its designation can determine many different things about how you function on a daily basis. There may very well come a time when you want to convert your business entity to a different designation. A Minnesota business entity […]

Forming a Board of Advisers and Directors

Every Minnesota entrepreneur needs trusted advisers. Many small and mid-sized business owners rely on friends or service providers (bankers, insurance agents, lawyers) for business advice. In this challenging economic environment, business owners should consider adopting a more formal structure for obtaining expert advice and support from either a board of directors or a board of […]

Power of Attorney – What it Means and why it’s Useful

Power of attorney (POA) is a document that grants a specific person, called an agent, the authority to make important decisions on behalf of another person, called the principal. There are many different kinds of power of attorney. The scope of the authority the principal grants to the agent can be very broad or quite […]

Recoverable Damages in Wrongful Termination

When taking legal action against a former employer in a wrongful termination suit, the monetary award you receive are often referred to as “damages.” It’s important to note, however, that these types of cases typically do not result in huge lump sums of cash – the main purpose of these damages is to make the […]

How to Dissolve a Business

To Dissolve a business, care is required. Sometimes, our business endeavors don’t go our way. Sometimes, they open doors to new and exciting business possibilities. In either case, it’s often necessary to dissolve your business so you can move on, or go back to the drawing board. How exactly do you dissolve a business though, […]