As a business owner, at some point you might find yourself asking if you should sell your business. There could be a number of reasons for this, such as difficult family dynamics, lack of passion in t...
Transferring Business Interests to a Trust: Is it Always a Good Idea?
Trusts are common, powerful estate planning tools. People can transfer various kinds of assets to various types of trusts for a number of reasons. Business owners, however, may stop short when thinkin...
Do I Need a Master Services Agreement?
By Thomas Fafinski One question I often get when advising MSPs on legal matters is: “Am I supposed to Negotiate an Agreement with my Customer before Selling any Product or Services?” This is the q...
Good Contracts = Good Business Relationships?
Does having a good contract in place mean the end to business disagreements? No. However, it might make them less likely to occur. At the very least, a strong contract will set out ways to handle disa...
What Can Make a Contract Unenforceable?
A contract is more than a piece of paper signed by two or more parties. It is a legally enforceable agreement. So, what can make a contract unenforceable? Mistakes All contracts need at least the foll...
How to Form a Minnesota Partnership
Jim M. and Kevin S. currently operate businesses as sole proprietors. They decide to join together and form a partnership. In order to start the business with ease, they are electing not to form a c...
Advantages to Mergers and Acquisitions Deals
A merger is a deal where two companies join together as fairly equal partners. Sometimes the two companies involved simply form a brand new company. Other mergers result in the merging of previous nam...
Goals of a Master Service Agreement
Many professional service companies use master service agreements with their clients. A master service agreement contains important agreements that have been negotiated with the client. Being clear ab...
Pros and Cons to Forming Family Limited Liability Companies
Family business ownership is an integral part of American history and commerce. In fact, about 90% of American businesses are family-owned. Business and families have varied purposes, so it should com...
Factors to Consider if Your Company Faces Merger or Acquisition
Maybe you’re a business owner whose company is humming right along, all cylinders firing, prospects look good. Or maybe your company is facing increased competition, higher costs, and lower profits ...