Eryn Slagle, a senior at the University of Minnesota Duluth, assisted in the writing of this article. When starting and operating a small business, it’s important to adopt best practices that will help make your business successful, profitable, and to avoid conflict and disputes. In today’... continue reading »
Articles Categorized as Business/Corporate
Eryn Slagle, a senior at the University of Minnesota, assisted in the writing of this article. When starting and operating a small business, it’s important to adopt best practices that will help make your business successful, profitable, and to avoid conflict and disputes. In today’s arti... continue reading »
Minnesota Governor Tim Walz recently proposed a budget for 2022-2023 with the goal of raising revenue and providing relief to those most impacted by the COVID-19 pandemic, calling it ‘Minnesota’s COVID-19 Recovery Budget. The budget calls for an increase in several taxes, and, specifically, a... continue reading »
We work with lots of clients to set up limited liability companies (LLCs) and corporations (s-corps and c-corps). The legal and filing requirements to establish a new entity are fairly straightforward, and one of the first steps is to file Articles with the Minnesota Secretary of State to registe... continue reading »
As you prepare for tax season and end of year planning, it’s also time to complete your annual renewal for your business entity with the Minnesota Secretary of State. Annual renewals are required for corporations, limited liability companies, non-profit corporations, cooperatives, and limited/l... continue reading »
In this article, I want to highlight two organizations that are central to promoting economic development in our local communities and region.
The Cass County Economic Development Corporation (Cass Co EDC) supports businesses throughout Cass County, and I’m proud to serve on its Board of... continue reading »
In many of our law firm’s articles, we try to impress upon our readers the importance of completing an estate plan. We describe potential problems, conflicts and expenses that a well-drafted estate plan can help prevent and address, if necessary. For a small business owner, completing an estate... continue reading »
If you have answered the call to be your own boss and start a business, it’s important to understand the different roles a business owner plays. We sometimes describe this as ‘wearing different hats’ when owning a business. For each role, a business owner has distinct considerations and res... continue reading »
It’s sad and unfortunate that we feel that we have to write this article, but it’s important to let you know that criminals are quickly developing scams and fraud schemes to take advantage of the COVID-19 crisis.
First, find reliable sources of information and when in doubt, stop an... continue reading »
The worldwide outbreak of COVID-19 can’t be ignored or denied. It’s safe to say that most of us did not expect an outbreak to develop so quickly or the dramatic changes a pandemic brings to our communities, workplaces, and lives. As we stay home, stay away from others, and cope as best we can... continue reading »