July 29, 2015
Business, Corporate

Board Governance Best Practices

As we all well know, leadership trickles down. If you want the rank-and-file workers in your company to be transparent and accountable, the leadership must model it. Even the most inconsequential practice in the boardroom, if carried out long enough, will naturally trickle down to the rest of the company and to the front end to the customer base. Here are a few board governance best practices to help keep your business legally and financially sound:
July 16, 2015
contract for sale of goods

What Every Entrepreneur Should Know About Contracts for Sales of Goods

Like any model law, the Uniform Commercial Code (UCC) seeks to be a template for states to make commerce increasingly seamless throughout the United States. This is good for business owners and consumers alike. Article 2 of the UCC regulates the sale of goods. Fourteen states have implemented Article 2 in full, however all states except Louisiana have adopted some version or part of it.
May 2, 2015
business law references

Business Law Resources

There is a lot of information available on the internet. Here is a list of sites that may be helpful for you as a business owner.
March 18, 2015

Four Surprising Strategies to Optimize Business Outcomes

Imagine if every business decision you made was the best one you could possibly make. Profits maximized every single time. Where would that land your company? Fortune 50? Better? The difficulty with achieving a perfect record of decision making is that the best strategy to optimize your business outcome is frequently unobvious and may even be counter-intuitive.
March 13, 2015
business taxes

An Introduction to Business Taxes

For any business, taxes are an important component of operation. They make up a complex world which must be managed with stringent detail.
March 13, 2015

The Basics of Business Insurance: Protecting Your Business from Liability, Loss, and Litigation

A business should consider purchasing insurance coverage to protect the business from unforeseen liability, loss, and litigation. There are numerous types of insurance policies available to a business, and it is wise to consult an insurance agent or broker about the options of coverage which would apply to your business.
February 23, 2015

An Introduction to Securities Law

In business, a security is something issued by a business entity, generally being an interest in or an obligation of that business entity. Typical examples include corporate stock, interests in a limited partnership, and corporate bonds and debentures.
February 23, 2015
Registering an assumed name

Registering an Assumed Name

In Minnesota, any individual or partnership which conducts or transacts business under a name that is different from the full, true name of each business owner must register this name with the Secretary of State.
February 23, 2015
forming business to maximize value

Starting a Business in Minnesota, Choosing a Form to Maximize Value

Choosing the organizational form a business will take is a fundamental decision for every entrepreneur. Choosing the right entity can empower the business to yield returns to the owners, offer liability protection, and run efficiently at the highest capacity.
January 29, 2015

Essential Provisions in Employee Handbooks

An employee handbook is a basic and efficient tool in the presentation and enforcement of an employer’s workplace rules. A well-written handbook can save an employer considerable effort in training and educating an employee as pertains to workplace regulations and work operations.
January 29, 2015

Non-Compete and Non-Solicitation Agreements

For an employer, non-compete and non-solicitation agreements are popular tools used to protect investments made in intellectual capital.
January 29, 2015
Closely Held Business Conference

Distinguishing Between an Employee and an Independent Contractor

A worker’s status as either an employee or an independent contractor is of utmost legal significance, affecting various areas of liability, and it is therefore crucial for an employer to understand the distinctions.