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Business Formation Archives

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.

Streamline your vision with a business plan

Starting your own business is a notable accomplishment and one that can pay valuable dividends in the long run. During formation, an imperative step to take involves identifying and creating your vision. From here, a business plan can help you streamline your efforts to achieve your long-term goals. At Dunlap & Seeger, we have helped many Minnesota business owners through the process of organizing a company.

The search for angel investors

Many entrepreneurs in Minnesota who have a great idea for a business may not necessarily be able to go to a bank or other lending source and get a traditional loan without collateral. However, according to Forbes magazine, there may be individual investors, called angel investors, who are interested in getting on board with a concept they believe in.

What can a joint venture do for you?

Creating and maintaining your own business has many rewarding perks, but it also requires a lot of dedication, strategic allocation of resources and a willingness to take risks. If you have considered the possibility of negotiating a joint venture in Minnesota, you may be wondering if the risk is worth the reward. Fortunately, when leveraged the right way, a joint venture has many incredible benefits.

Getting your start-up business off on the right foot

There is little else as empowering and nerve-wracking as starting your own company and navigating the growth pains that accompany such an endeavor. At Dunlap & Seeger, we have helped many Minnesota residents like yourself to work their way through setting up their own business.

Tips for starting a family business

Family operated businesses serve as the backbone of Minnesota’s overall economy. The vast majority of businesses in the United States are family-run operations. Roughly 80 to 90 percent of all business operations across the country are family businesses, according to the Family Business Alliance. About one-third of the S & P 500 are family-run ventures.

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

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