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Posts tagged "Business Formation"

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. 

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.

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

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