Running a business with a partner can be highly beneficial, offering shared responsibilities, combined resources, and a broader skill set. However, disputes between partners are not uncommon. To reduce the likelihood of serious disagreements, it’s important to take...
Business Law
Minnesota Family Business Succession Planning: 5 First Steps | Sjoberg & Tebelius | Business Law
Running a business is time consuming. The present and immediate future can demand so much of your attention that succession planning may be something you constantly shove to the back burner. Procrastination, however, can prove costly for you, as well as for your...
Minnesota Business Formation: 3 Key Factors for Choosing a Business Entity | Sjoberg & Tebelius | Business Law
Starting a business requires an entrepreneur to make many critical decisions in a short period of time. They have to choose what types of goods or services their company will provide and how they intend to compete with other businesses. They also need to make...
What are the elements of a partnership agreement?
Business partnerships are a great way to combine resources, skills, and experiences to achieve shared goals. A partnership agreement is an important part of this process, as it provides a clear framework for how the partnership will operate and helps protect the...
1 Way Limited Liability Companies and Sole Proprietorships Differ
People who want to start a business have to consider several points before they open the doors. One of these is the type of business structure they’ll use. Two that are common are the sole proprietorship (SP) and the limited liability company (LLC). Both of these...