If you are ready to retire, want to exit one business deal so that you may pursue another or simply want to transfer part of your stake in a Minnesota business to another individual, you have several options for doing so. Each comes with its own merits and pitfalls,...
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Month: November 2018
Why you need a health proxy and how to choose an agent
A health care proxy, or health care directive, is a document that names a person, or proxy, who expresses another person’s wishes and makes health care decisions on that person’s behalf if he or she is unable to do so him or herself. One does not have to...
Cryptocurrency and your estate plan
People include many different types of assets in their estate plans, and in the digital age, there may be additional considerations for you to go over when it comes to estate planning. For example, you may have invested a significant amount of money in a...
Ownership interest explained
When forming your own business in Rochester, it is vital that those holding the authority to manage the direction of your company is clearly defined. If you run a sole proprietorship, that distinction is easily made. Yet what if you are in business with others? The...
Dissolving your partnership fairly takes careful planning
Operating a successful partnership often depends on knowing when it is time to step back and let the partnership dissolve. If you know that it is time to end your partnership, it is wise to understand some important aspects of the process, whether it is a small...
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