In December, seven Tim Hortons restaurants located in Minnesota were sued for breach of contract and other claims. This is not the first time Tim Hortons and its parent company, Restaurant Brands, hav...
Minnesota Shareholder Rights
Two business entities typically have minority shareholders: a corporation or a limited liability company (LLC). In any situation where majority shareholders and a minority shareholder disagree, the ...
Minnesota Letter of Intent Law
The parties involved in a transaction both have things they want or need. Every part of their negotiation is important to the success or failure of the deal. A letter of intent prepared and signed by ...
Going Public: Is an IPO in Your Company’s Future?
When a private company makes an initial public offering of stock, it’s called an IPO. Most of us have heard of a company IPOs because stories about IPOs make the news. Many of you may have even boug...
Maintaining Your Corporate Records
Corporate documents comply with laws, meet deadlines, or provide backup to decisions made by management or the board. If an inspector or government official asked your company to produce records, wo...
Types of Minnesota Business Entities
Interested in starting a business in Minnesota? We have several types of business entities to choose from, each with its own requirements, advantages, and disadvantages. Knowing which entity to choose...
Our Buy-Sell Agreements May Protect Your Company’s Future
Entrepreneurs usually start a company intending it to continue for an indeterminate, yet lengthy, time frame. Whether thinking of starting a partnership or already co-owner of one, careful planning ma...
Don’t Employ a Break-Fix Strategy for Your MSP Contracts
Before the evolution of information technology gave us managed service providers, many companies employed a “break-fix” strategy when it came to their computer systems. They waited until their equ...
What to Include in Your Master Service Agreements
If your company provides professional services to clients, then you’re already familiar with master service agreements. Usually called an MSA, this type of contract is spells out important agreement...
5 Issues to Review as Your Fiscal Year End Looms
On December 31st, our minds often turn from what we’ve done the past year to what we hope to accomplish in the coming year. Sometimes, we need to tie up loose ends. Companies facing the end of a fis...