Business Formation

LLC? D/B/A? Corporation? Which Is Right for My Business?

08.12.2015
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If you’re thinking of starting a business, you’ve probably wonder whether you could be personally responsible for business debts, how to manage having business partners, and what to do about future plans to expand, sell, or transfer your company. The answers to these questions depend on the type of business you choose to form. This article will cover the four most common business types used today, including some advantages and disadvantages of each. If you’d like more information about these or other business types, you should consult an attorney licensed in your state.

Sole Proprietorship

Getting Your Business Name Right

01.10.2015
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Three Simple Ways to Name Your Business Legally

Business name, DBA, assumed name—it’s all Greek to many people.  But as a small business owner, you can’t afford to ignore the legal niceties when it comes to the names your company uses.  When you do business in Minnesota, you are required to use a registered name for your business.  If you use a name that is not legally associated with your company, you could lose any limited liability protections your business entity may provide.

Here are three easy options for ensuring that your company name complies […]

What happens when a small business owner dies or gets divorced?

06.2.2014
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A client recently asked, what happens to small businesses upon the death or divorce of an owner?  What documents should be in place prior to those events to smooth an ownership transition?  These questions can have many different answers depending on the facts of a specific situation, but here’s a general overview of the process, consequences, and ways to control ownership of a business if a death or divorce occurs:

 What happens to a small business if an owner dies?

The answer depends on the type of business.  If the business is a sole proprietorship […]