Best practices in equipment financing

Avoid these mechanics lien mistakes

By Alexandra Zabinski

Mechanics’ liens protect landscapers, construction companies, and many other businesses against the risk of nonpayment. If a landowner refuses to pay for improvements made to their property, the business can often file a lien on the property. Filing a lien frequently incentivizes payment. If the landowner still doesn’t pay after the lien is filed, the…

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What personnel records can employees review?

By Alexandra Zabinski

Minnesota law requires employers to grant employees access to certain personnel records during and after employment. Whether or not each item is included in what the employer keeps as a “personnel file,” the law still requires that employees be allowed to access specific records. In practice, it’s often a good idea to keep copies of…

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Before you meet with your lawyer: Business governance documents

By Bryan Zlimen

If your new business has multiple owners, it is important to have proper governance documents—like a partnership agreement, operating agreement, or shareholder agreement. Typically, these documents address topics like who can make day-to-day decisions on the company’s behalf, how ownership interests can be sold or transferred, and who decides what the company does with net…

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Best practices in equipment financing

By Alexandra Zabinski

Many small businesses rely on equipment financing contracts and equipment leases to obtain office equipment or tools of the trade. Equipment financing and/or leasing helps businesses meet their equipment needs right away, but there are risks involved. Here are our top 5 tips for managing risk: 1. Don’t stop making payments under a lease or…

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