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Business Formation Archives

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 issue of ownership interests is bound to come up. Many come to us here at Dunlap & Seeger PA questioning how such interest should be determined. If you share the same question, you may be happy to know that the state has provided you with some assistance in this regard. 

Using market analysis to strengthen your business

The excitement of starting your own business is fueling your desire to continue working hard and moving your company towards success. You are facing new decisions every day and are recognizing that sometimes, the risk is worth the reward. At Dunlap & Seeger, A Professional Association, we have helped many business owners in Minnesota to secure their intellectual assets with reliable legal counseling. 

Is having a business license necessary?

You have just launched your own company and are completely enthralled with the thrill and excitement of running your own organization. You have relentless energy and a clear vision of where you wish to take your company in the next five years. However, as you contemplate your growth in Minnesota, you begin to question the necessity of a business license. 

Ways you can facilitate a successful company buyout

You have recently come across an opportunity to expand your business by buying out another company. While the prospect of achieving a new market advantage against your competitors is highly appealing, you must thoroughly investigate the business you are interested in buying out to guarantee that your decision will effectively fuel your organization's success and not work against the position you have worked so hard to achieve. At Dunlap & Seeger, we have helped many business owners in Minnesota to prepare to make significant strategic decisions including buyouts, joint agreements and acquisitions.

Putting the "own" in business ownership

The excitement and anticipation of owning a business is a thrilling adventure for many entrepreneurs in Minnesota. However, it is rarely a process that can be eased into slowly. Rather, it requires someone who is willing to take risks, has a clear vision of future goals and is committed to refining their competencies to stay a step ahead of the competition. 

A closer look at the necessary components of partnerships

When businesses begin investigating the possibility of forming a new partnership, there are often deep discussions about a relationship's potential, how it will affect organizational synergy and whether or not it will generate desired benefits. For many Minnesota companies, creating new relationships is crucial to success as they leverage each contributor's strengths to create a strong, long-lasting and rewarding partnership. 

What business licenses and permits do you need?

When starting a new business in Minnesota, there are many things you have to do. It is essential that you ensure your business is legally ready for operation. This means making sure you have all the permits and licenses required. According to the Department of Employment and Economic Development, not every business requires business licenses and permits, but if your business does and you operate without them, you could face stiff penalties.

How can you limit your personal liability in a start-up?

One of the most exciting parts of starting your own company in Minnesota is the ability to control operations and dictate which direction to take your success. You get to determine your future by assessing and selecting strategies that will propel your organization ahead of its competition. However, with your anticipated opportunities also comes a heightened risk of liability. Mitigating your risk is crucial to build a strong foundation and protect your brand. 

Deciding if a company buyout is the right opportunity for you

You have just been approached with a tempting offer from an industry leader to buyout your company. The proposal made mention of many promising benefits that could propel you into an even more successful career path. However, you are also aware that this fortunate opportunity brings with it a unique set of risks. At Dunlap & Seeger, we have helped many Minnesota companies to acquire needed legal protection as they continue to grow and develop their organization. 

Contact Us Today Our lawyers listen carefully to your goals and concerns while helping you obtain the best results possible. Call 507-316-0628 or fill out the form to email our team.

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

Toll Free: 800-636-2689
Phone: 507-316-0628
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