Startups very often get off the ground with no prior experience in running or managing a business. Entrepreneurs therefore frequently underestimate just how many legal “i”s have to be dotted and “t”s have to be crossed at the outset to protect their company from liability down the road. These are among the most common mistakes… Read more »

In the typical corporate relationship, all companies with multiple shareholders operate under that principle that the majority rules. Those who hold the majority of the shares in the company hold the voting power and the majority interest in the company. However, that doesn’t mean that minority shareholders are without rights. While they typically cannot control… Read more »

While unfortunate, disputes between two business partners are not as uncommon as you would like to believe. This is why so many companies set contracts in place that clearly set boundaries between what aspects of the business two co-founders are in charge of. This not only protects the interests of both parties, but it protects… Read more »

You have spent considerable time evaluating every painstaking detail of your dream of starting a business in Minnesota. You believe that you have got what it takes to be a successful entrepreneur. You’ve conducted your research and are ready to launch. After the planning stage, the first step in starting up a business in Minnesota… Read more »

Laying the foundation is almost as important as the ground it’s placed on. In the case of starting a business in Minnesota, partnering with an experienced attorney (with expertise in business law) will ensure a quality foundation is built. Here are three reasons startup businesses need legal counsel in Minnesota: Avoiding Risk and Ensuring Compliance Guidance… Read more »