It’s not uncommon to see that a business has an assumed name or often states that it is ‘doing business as’ (‘DBA’) a name other than the business owner’s name or the name of the underlying business entity. You may see this on a check or document from the busin... continue reading »
Articles Categorized as Business/Corporate
the following article about the two types of corporations in the U.S., the c corporation (“C Corp”) and the s corporation (“S Corp”).
There are two primary differences between C Corps and S Corps, and these involve tax treatment and ownership. Large, publicly-traded... continue reading »
This article is about the classification of a ‘worker’. As W-2s, 1099s, K-1s, and other tax documents make their way through the mail during this tax season, it’s a good time to think about the status of someone who is working for you or providing services to your business. Is t... continue reading »
Attorney Laura J. Hansen is our author today, and she has written the following article about buy-sell agreements. In a previous article, Ms. Hansen discussed the importance of succession planning for business owners. For a business to withstand the test of time and become a ‘legacy’ ... continue reading »
This article addresses issues from the standpoint of a prospective buyer, and it’s the first in a series of articles on Common Interest Communities (CICs), homeowners’ associations, and other aspects of planned developments. Our law firm has expertise in the laws governing CICs in Mi... continue reading »
What comes to mind when we think of a lease agreement is often that first apartment we rented after high school or college. The first lease that I signed was a lengthy document on legal-sized paper with single-spaced paragraphs in small font. It contained words such as ‘term’, ‘security dep... continue reading »
The following article is on the role of volunteers as board members and officers of community non-profit organizations. Our law firm assists many area community groups with their entity formation, governance, and other legal concerns.
Volunteers are an integral part of our small communitie... continue reading »
The following article is about the transition to the new Minnesota Revised Uniform Limited Liability Company Act. The old statute governing the formation, operation, and management of limited liability companies (LLCs) in Minnesota will be repealed and replaced by the new statute on January 1, 20... continue reading »
What’s involved in buying a business? It may be as simple as purchasing a truck, inventory, and equipment or as much as purchasing all the shares of a corporation.
One way to proceed with the purchase of a business is to buy all the assets related to the operation of that business. This ... continue reading »
In our lakes area communities, there are many businesses that have been in business for 40, 50, 100 years or more. These ‘legacy businesses’ standout as a testament to the owners’ hard work, dedication, and planning. According to Inc.com, 96% of businesses fail within the first 10 years. So... continue reading »