The Tax Cuts and Jobs Act (the “Act”) made effective on December 22, 2017 repealed the old section 199 of the Internal Revenue Code of 1986 (the “Code”) which used to provide for an income tax deduction equal to approximately 9 percent of the ...Read More

Most new commercial ventures fail within their first five years, and entrepreneurs in Minnesota and around the country are frequently warned that taking action without meticulous planning beforehand could be a recipe for disaster. However, some of the most successful business owners in America ...Read More

Minnesota entrepreneurs who are looking to start new businesses may be interested to know that industry insiders say seeking venture capital may not be the best way to obtain funding. According to a member of a Southern California venture capital firm, out of the ...Read More

Minnesota, as with many other states, has laws that protect residents from deceptive trade practices. Deceptive trade practices are those that either restrain trade or attempt to provide incorrect information to consumers. For example, it is illegal for car dealerships to adjust a vehicle\'s ...Read More

Minnesota entrepreneurs may want to learn about the potential benefits of preparing a six-year business plan. This perspective extends far beyond the two or three years that the conventional business plan addresses. Instead of just considering the short-term needs of the company, the six-year ...Read More

Some people go into business so that they can have a legacy to pass on to their family. Many others are interested in creating a form of income to take them to retirement, at which point they will sell their business to boost their ...Read More

In today\'s environment, banks face an ever-changing set of rules and regulations with regard to lending, portfolio management, fees and even operational issues. Given the speed at which the environment can change, it\'s important that a bank has a trusted partner who can guide ...Read More

When someone in Minnesota starts a new business, they might know what kind of service or product they want to offer but not understand where to begin with the legal aspects of the business. The type of legal structure a person sets up will ...Read More

They make the products that consumers and businesses use at home and in commerce. They’re Minnesota manufacturers and they helped build this country and helped make our state proud and prosperous.

According to a recent survey, they are also increasingly optimistic that the future is bright for ...Read More

Corporations created under the laws of the State of Minnesota are entities created by statute. As a result, it only makes sense that we must look to statute for the process to end a corporation\'s existence. Called \"dissolution,\" Minnesota statutes provide three basic alternative ...Read More