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December 2018 Archives

Preparing to facilitate the process of a company merger

Merging two companies in Minnesota is a strategic business play that may allow two organizations to effectively build their success by feeding off of each other's strengths and core competencies. With joined forces, the newly-created company has the opportunity to gain momentum to soar beyond their competitors, but only if adequate steps are taken by corporate leaders to facilitate the merger and guide the process. 

How can you minimize estate taxes?

An old saying goes, "there are two certainties in life – death and taxes." Most people assume that taxes end after death, but the truth is that that the tax man hits a deceased person's estate hard. Federal estate taxes typically amount to 45 to 55 percent of an estate's value. The family or beneficiaries must pay the taxes in cash and within nine months of a person's death. Because few Minnesota estates have the cash to pay these hefty fines, families are often forced to liquidate assets. If you do not want your family to have to liquidate assets to pay your estate's taxes, there are a few steps you can take to reduce or even eliminate estate taxes.

Building a company to attract committed investors

When people are building their company in Minnesota, they have a lot of different tasks to try and manage. Often, they experience difficulties when they encounter the need to perform certain operational functions where they do not have adequate strengths or know-how. This is where the coaching, support and encouragement of investors can make a considerable difference in how effectively new companies can scale their business. 

Tips for developing a good business partnership

Entreprenuers in Minnesota often know that partnering with the right people can be the way to success with their venture. This believe is based, at least in part, on the knowledge that no one person can truly be an expert in every aspect of running a business. However, there is a bit of an art to selecting the right person to work with in order to set things up for a positive outcome.

What is a power of attorney?

Your estate plan does not just have to include plans for what happens after you die. It can also include plans for managing your life and assets if something happens to you while you are alive that makes it difficult for you to do it yourself. One option you have is creating a power of attorney in Minnesota, which according to the National Caregivers Library, gives someone else authority to make decisions for you.

Does bankruptcy really take everything?

One of the most common concerns a person has when considering bankruptcy is the possibility of losing all of their property in the process. While this may happen regularly in movies and T.V. shows, bankruptcy is not intended to take everything away from debtors who choose to use it, and does not usually turn out this way.

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

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