February 23, 2015

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

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.
July 10, 2014

Distinctions between California Entities and Implications of Choice

So you have decided to start a business in California. Now you need to decide what kind of business entity to form. The business entity you choose will affect issues of liability, tax, ownership, and state and federal obligations.