Articles Categorized as Business/Corporate

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Assumed Business Name

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 »

Employee or Not?

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 »

Common Interest Communities in Minnesota

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 »

Real Estate Leases

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 »

Buying a Business

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 »

Business Succession

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 »