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 (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 […]
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 […]
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, […]
Business Litigation can be a Messy Process. Many people who are facing lawsuits are unfamiliar with the process and have questions about how they should prepare. Below, we have briefly outlined the basic process of litigation to give our clients a general idea of what they can expect. Remember that half the battle is choosing […]
When starting a new business venture, entrepreneurs have many decisions to make. A Startup Attorney is critical. One of the most important choices involves selecting the right type of business entity. There are many options. While some new business owners will operate as sole proprietors or form partnerships, others will opt for limited liability companies […]
Member managed LCC: what is it and when to use it? When forming a new limited liability company (“Member Managed LLC”), it is essential to understand the different possibilities in regards to management and control. By evaluating the different options, you are better equipped to make the choice that best suites the needs of your […]
The IRS reported in March it has a total of $1 billion of unclaimed tax refunds related to unfiled 2013 income tax returns. The IRS estimates the median tax refund is $763. Taxpayers can claim their refunds by filing a 2013 federal income tax return by Tuesday, April 18, 2017. That is the same day as […]
Enter Your Information and Press “Enter” to get YOUR Free Ebook! Once you’ve made that big sale and your dream big-business customer has finally said, “yes” your work is likely just beginning. Now, you need to negotiate and sign a contract to truly close the deal. The art (and/or science) of contract negotiation is as […]
Fiduciary duty is a legal relationship between two or more parties. And it’s a big duty. One party is the fiduciary, or the entity with the duty and the other party is the principle, or the entity benefiting from the duty. In general, it is a mutual relationship among partners who owe the duty […]
