Running a business involves making multiple decisions every day. While many of these decisions may be relatively minor, some of them can shape the entire future of the company. That’s why conducting due diligence is so important. Essentially, due diligence means...
You're a strong-minded and determined entrepreneur. For years you dreamt of starting your own business and that has finally come to fruition. Despite your determination and attributes, the reality is that the corporate world can be tough. Would you rather make all the...
If you want to be a business owner, there are a few different ways to do it. Two of the most common include starting a business on your own or buying a business that already exists. Most often, business owners have an idea for a company that they want to create. They...
Following the financial crisis, the risk management policies of financial institutions are under greater scrutiny. Although banks have always had a duty to control risks - in part through loan evaluations - financial institutions must more effectively identify loans...
Minnesota has traditionally been an employee-friendly state on the issue of non-compete agreements. Past court rulings cited the restraint on trade imposed by non-compete contracts when the court decided in favor of employees on these matters. In light of this...
The time to develop an exit strategy is when you form your business partnership or corporation. The exit strategy is an agreement regarding business assets, debts and liability should a partner or another principal no longer be able to, or want to, engage in the...
New businesses frequently begin on a wave of exuberance and optimism. Riding this wave, entrepreneurs often have difficulty accepting the fact that the trust and goodwill they currently have with their business partners may not be permanent. As the business develops,...
Jurisdictions across the United States added limited liability companies (LLCs) to their business and corporations codes in order to provide many of the benefits of incorporation - while giving entrepreneurs the flexibility to design entities that met the particular...
Nearly three-fourths of all businesses in the United States start as sole proprietorships. The reasons are obvious: It is simple and uncomplicated. For many entrepreneurs and consultants, it initially makes sense because there is no cost. While there are certainly...
Can you grow your business successfully through a merger or acquisition? Absolutely, and it often is a faster route to expanding market share and moving into new markets, improving distribution channels, accessing funds, diversifying and reducing your own costs and...
