February 23, 2015

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.
September 4, 2014

Introducing Minnesota’s New Public Benefit Corporation

As of January 1, 2015, Minnesotans will be able to form public benefit corporations — which allow more flexible uses of profits than just dividends to shareholders. Currently, 27 states, including Delaware, allow such entities. A “Benefit” corporation is a for-profit business that has an additional purpose to create a material positive impact on society and/or the environment. The business must report how it creates a social benefit.