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Business Formation Archives

Business tips for entrepreneur parents who want to work from home

For many stay-at-home parents in Minnesota, the desire to spend time with the children and avoid day care costs are offset by the need for a second family income. The answer for many is to start a business that can be run from the home.

Examining the different types of business partnerships

Many in Rochester work very hard to earn the opportunity to go into business for themselves. Running a company, however, can often prove to be a burdensome task that does not allow one the time needed to participate in its core operations. If there is another that can share the management and administrative load, however, then the job can become easier and much more enjoyable. Establishing a business partnership may seem like a simple thing, yet in reality, there are a number of complexities involved with such a venture, chief of which is deciding what type partnership model to adopt. 

What do you need to start an online business?

By starting an online business rather than finding the ideal physical location in Minnesota, you eliminate several steps and expenses in getting your company up and running. However, selling goods and services online involves unique preparation, and if you neglect this groundwork, you could ruin your chances of success.

Merging businesses effectively with successful outcomes

Merging two companies can easily be one of the most complicated business ventures. However, with careful planning, responsible execution and timely action, such an investment can yield incomparable growth and market advantage. For Minnesota companies interested in pursuing a merger, their decision could allow them to experience the benefit of gaining new competencies, leveraging strengths and recognizing previously unknown opportunities for growth.

Do I need licenses or permits to start my business in Minnesota?

Depending on the type of business you plan to have in Minnesota, there may be many licenses and permits needed before you can open your doors. Applying for these may seem like a waste of time and money, but you should not take this process lightly.

3 benefits to consider about LLCs

If you are thinking about starting a small business, you may want to think about its structure. Many entrepreneurs in Minnesota find that incorporating or forming LLCs are the most beneficial way for them to run their companies with minimal personal risk. According to LegalZoom, LLCs offer flexibility unlike corporations and are often much easier to manage because there are fewer requirements and rules to adhere to. 

Beginning with the end in mind: your business exit strategy

Many people who go into business in Minnesota envision their companies growing, expanding and making them rich. According to Chron.com, one way to realize this dream is to create a way to wind up the business while it is still going strong. This process, called an exit strategy, should be a part of every business plan.

What are the tax differences between a C corp and an S corp?

As you prepare to start your business in Minnesota, one of the first and biggest choices you have to make is the legal structure. If you know already that you want to incorporate, you have a further step to take in choosing whether a C corporation or an S corporation would be best. Although they have many similarities, there are some tax differences that may be worth your consideration.

Business disputes and eviction

If you rent commercial property to a business owner, or if you rent property to run your own business, numerous responsibilities may be on your plate. Whether you have to manage multiple rental properties or are only renting one unit, you may run into disagreements over any number of issues. At Dunlap & Seeger, our Minnesota firm knows that there are different reasons why landlords decide to evict tenants. If you are in this position, it may be helpful to review some of the ins and outs of eviction and you should carefully prepare for any obstacles that may arise.

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Dunlap & Seeger, P.A.
30 3rd Street SE
Rochester, MN 55904

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