November 20, 2019 Dunlap Seeger

Older Individuals Can Still Jump Into Business Formation

Many Minnesota residents may have toyed with the idea of starting their own business over the years. Still, they may have stayed in their chosen career path instead of venturing out, and now that they are older, they may wonder whether it is too late to start a company. Fortunately, individuals of any age can begin the business formation process. First, it is important for individuals to go over their finances before taking this leap. They may find that they need to More +

November 14, 2019 Dunlap Seeger

During Estate Planning, Some May Choose an Unbiased Executor

Making decisions that can have a significant impact on loved ones is not always easy. When Minnesota residents are estate planning, they may worry that they will choose the wrong person to act as the executor. In some cases, the potential for family conflict over who was named could be a deciding factor. Fortunately, individuals do not have to appoint a family member to act as their executor if they do not feel it would be best. Banks and other financial More +

November 04, 2019 Dunlap Seeger

Company History Can Be Important to Business Formation

Many prospective and current business owners often need financial assistance to get their companies off the ground or to expand their current commercial enterprises. Often, individuals can contact potential investors in hopes of obtaining financial backing. During business formation, individuals can create a business plan that will explain the foundations of the company to those potential investors. One part of the business plan that Minnesota business owners may want to focus on is the company history or background. This section can detail More +

October 30, 2019 Dunlap Seeger

Reasons For the High Family Business Failure Rate

If you run a family business, you may be well aware of the dire failure rate. Even if you keep the company strong while it is under your control, the reality is that most family businesses fail as they move on to the second or third generation. It’s just too hard to sustain. The vast majority end up folding. This is an issue that impacts both your business decisions and your estate planning. You may want to pass that company More +

October 28, 2019 Dunlap Seeger

Estate Planning can Help Address Future Business Matters

Many Minnesota residents achieve their dreams of starting their own businesses. This accomplishment is one that can follow them throughout their lives and even continue after their passing. As a result, it is important to remember the business when estate planning. Business owners need to include their business-related matters in various parts of their estate plans. For instance, it is likely that a business owner will want to distribute his or her business assets to loved ones or other beneficiaries, and creating More +

October 22, 2019 Dunlap Seeger

Many People Choose an LLC During Business Formation

Entering the business world is a major step, especially if Minnesota residents want to start their own companies. A lot of information exists surrounding business formation, and many people may not know where to start. Often, individuals starting new businesses opt to create LLCs, or limited liability companies, but is that right for everyone? The short answer to that question is no. However, an LLC can offer a number of benefits, and many company owners find that this structure meets their needs. More +

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