Last week, I had the privilege of taking part in a discussion at the University of Minnesota’s Carlson School of Management regarding the need to accurately measure Minnesota’s small business population. The discussion was initiated by Minnesota Secretary of State Mark Ritchie …
On today’s edition of “The Advisors”, my partner, Greg Perleberg, and I discussed why business owners need to think early on in their business planning process about what intellectual property issues will or could affect their business. Our discussion included …
The Importance of Intellectual Property for Business Owners Read more »
I’ve told many people that one of the cool things about my law firm is that we don’t take ourselves too seriously. In fact, some days it’s downright fun to hang out with us. Case in point: for the past …
An essential element of cash flow management for small businesses is the implementation of a good bookkeeping system. For many business owners, QuickBooks is the preferred product to use to aid them in their essential financial record keeping; hence, I …
Startup Steps #5: Steps to a Successful QuickBooks Setup Read more »
As I advise new businesses as to what issues they need to think about when getting started, invariably the talk turns to insurance coverage for their business. What I do in setting up a business entity merely shields the owner’s …
Startup Steps #4: Determining What Insurance Coverage You Need For Your Business Read more »
As I alluded to in Startup Steps #2, the question of whether a business owner should form a LLC or a S corporation is largely a tax question, rather than a legal question. In order to answer this question, I’ve …
Introduction Use of liability limiting entities such as corporations and/or limited liability companies are extremely common for today’s business owner. This article briefly summarizes the legal structure of these entities and provides some examples of how they can be useful …
We’ll kick off “Startup Steps” with the building block of every successful business: a well crafted business plan. I’ve asked my good friend, Warren Vollmar, who not only writes business plans for others but, as a serial entrepreneur himself, has …
Two years ago when I launched this blog, and in my very first post, I said that I was going to focus on my thoughts on marketing and networking and leave the legal advice for my clients and other publications. …
Minnesota is on the eve of the first committee hearing on the proposed brewery pint law (which will take place on April 5 in the Senate Commerce and Consumer Protection Committee). In my opinion, passage of the law will open up a …