In September of this year, the former New York landlord of the now-defunct law firm Dewey & LeBoeuf LLP, initiated a legal action against 450 of the firm's former partners. The landlord, 1301 Properties Owner, is suing for debts owed under their lease following...
Business Law & Litigation
First Steps for Setting up Your Minnesota Business
In September of this year, Forbes ranked Minnesota as the biggest gainer on its list of the Best States for Business. With its economic hub located in the Minneapolis-St. Paul area, the state jumped 12 places to take 8th position in the rankings for best business...
What’s the Best Structure for My Minnesota Business?
If you are establishing a Minnesota enterprise in any field, the first step on your journey involves choosing the most appropriate business structure. There are several structures to consider, including: Sole proprietorships This is an unincorporated business....
The Importance of Creating a Business Succession Plan
Steve Ballmer, longstanding CEO of Microsoft, recently announced his intention to relinquish his position at the software giant by August 2014. The company's board of directors is already reported to be narrowing the list of candidates and aiming to have a successor...
Breaking Up Your Business or Entity
Not all business partnerships last forever. A partner moves away or retires. Business objectives diverge. Partners no longer get along. Economics may also intervene, making it no longer feasible to support multiple partners. No matter what the reason is for your...
What Are the Remedies for Breach of Contract?
Contracts are written to protect parties to an agreement. What happens when one party does not perform their side of the agreement? Imagine that you or your business ordered 1,000 widgets and received 1,000 gumballs. What then? Unless the widget supplier has a...