When you own your own Minnesota small business, you have a lot to potentially lose in the event that someone falls a lawsuit against that business, and if you are not careful when setting it up in the first place, your personal assets could be at stake. At Dunlap & Seeger, we understand that there are certain business structures you can choose when forming your business that can help protect your personal assets, and we have helped many entrepreneurial clients establish business structures that best reflect their needs.
Starting a business in Minnesota does not have to be difficult. However, you should take care to do everything correctly. The right business model and legal structure should protect you from liability. Conversely, inappropriate structures could have the opposite effect.
Whether you are a small business owner or you are in charge of a larger corporation, you may have adopted a mark for your company. Marks are designed to alert customers to your brand, and can be a name, symbol or sign that represents your company. Although marks are not required to be registered with the United States Patent and Trademark Office, there are several benefits to doing so. There are also some things you should keep in mind before applying for a trademark registration.
If you have a small business in Rochester, Minnesota, chances are that you are busy enough already without having to worry about licensing and renewal. At Dunlap & Seeger, P.A., we understand the need for an efficient and expedient solution to your legal requirements. That is why we keep up to date on the local and state requirements for licensing that affect a variety of businesses and trades in the city and the surrounding communities.
Building a business from the ground up is bound to bring you some incredible opportunities to take risks and enjoy the reward of making strategic decisions. Working with other like-minded professionals certainly has its benefits, but must be built on a strong foundation to provide support and advantage to your company. At Dunlap & Seeger, we have experience in helping people in Minnesota as they prepare to start their own company.
What you owe in federal taxes for your newly formed or converted Minnesota S corp or C corp would depend on many things, including the size of your company, the nature of your operations and so on. The deductions and credits would also depend on your unique situation. Please read on for a brief review of what you may have to pay as a corporation.
For business owners in Minnesota, the prospect of buying out an existing company and recreating organizational processes to match their initiative is both an exciting and risky decision. While the sheer weight of such a critical decision can be enough to turn some away, those who follow through with their idea may realize incredible opportunity if they implement the right strategies from the onset of their quest to buy out another company.
Finding people to invest in your company can make a considerable difference in how accessible important qualities of success become for your organization. Investors can bring powerful support to your business and contribute knowledge, experience and stability in helping you establish your initiative. At Dunlap & Seeger, we have been able to successfully help business owners in Minnesota to protect what is most important to them.
One of the biggest challenges for many companies in Minnesota is the quest to build and advertise a brand that is uniquely different from all of the other competing companies in their industry. This aspect of growing an organization requires time, assessment of objectives, research and risk-taking for leaders to discover how to create a brand that is effective at both informing and motivating consumers to choose their product or service.
One of the keys to making a new business last in Rochester is to build in protections so that the company does not fall prey to lawsuits that could deplete its resources or drive it into bankruptcy. Investing your company with general commercial liability insurance is one way you can shield your business in the event another party brings a suit against your company for damages. If you are considering buying insurance for your business, here are some important things you should know.