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Business Formation Archives

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. 

Characteristics that demonstrate potential in a start-up company

Start-up companies are all the rage and with each new innovation, a wave of excitement intrigues money-hungry investors in Minnesota. So, the question is, what are these investors interested in? Are there certain qualities that demonstrate potential? Investors often go to great lengths to understand a company's vision and future before agreeing to any sort of funding. When start-up companies are aware of the characteristics that are sought by financial partners, they may be able to more effectively market themselves as a promising opportunity. 

A closer look at common regulatory compliance violations

For many business owners in Minnesota, one of their highest priorities is ensuring that their employees stay safe and have the proper tools and resources to do their jobs. Often, to guarantee that policies are adhered to, organizational leaders develop and enforce protocols designed to provide order and optimize function. If such rules are violated by employees or by the company as a whole, anyone who is involved could be at risk of legal consequences for failing to comply with regulatory standards.

What can you do to guard your business against a lawsuit?

As you prepare to open your business in Minnesota, you may have some anxiety about the threats that could cause failure. Sure, there's always that fear that your product or service will not catch on, or that competition will drive you out of business. There is high demand for your unique product, though, and you have a sound business plan and plenty of capital. But what about litigation? 

Deciding if licensing is the right choice for your business

When you have created an invention that solves a problem or provides an innovative way of doing something, one of the most rewarding outcomes is seeing your idea in use. However, getting your product into the hands of interested consumers can be one of the most challenging parts of running your business. At Dunlap & Seeger, we understand the complications that Minnesota entrepreneurs face when working towards the launch of a new product. 

What do you need to ask before choosing a location?

You have your business plan, you have filled out your paperwork, filed documents, received the necessary licenses and permits, and now you are finally ready to find a building in Minnesota so you can open your doors to the public. But how do you choose a location?

When growth requires capital: finding the right lender

As businesses in Minnesota grow, owners often see new opportunities arise. However, in order for you to take advantage of such an opportunity for your company, you may require capital. At Dunlap & Seeger, we often advise business owners on the available avenues for financing and how to determine which provides the optimal benefits.

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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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