Construction companies in Minnesota may operate on numerous projects and work with a variety of parties every year. Each new project may come with its own set of responsibilities and potential risks. Finding ways to safeguard your company’s interests in all projects...
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What to consider when seeking to purchase an existing business
While some business owners may relish the idea of starting a company from scratch, this might not always be the preferred path for everyone. You might feel more inclined to start with the foundation of an existing company and bring your own ideas for growth and the...
How is real estate divided in a Minnesota divorce?
According to data from the U.S. Census Bureau, 71.9 percent of Minnesotans owned their own home during the period of 2016-20. That means that when a Twin Cities couple gets divorced, they will probably have to figure out what to do with the house. This is an integral...
Eviction places burden on landlords
If you are a property owner who has struggled in recent months with tenants who would not or could not pay their rent, you may be relieved to know that most temporary restrictions on the eviction process in Minnesota have been lifted. By summer, landlords will reclaim...
The trials of debt could take a toll on your health
Financial challenges can arise under a multitude of circumstances, and similar hardships could place a significant strain on various aspects of your life. Regardless of whether your debts build up over time or appear overnight, the idea of finding a way to protect...
What are an estate administrator’s duties in Minnesota?
The administration of a deceased person's estate can be a complicated matter. In many cases, this is due to the size and complexity of the estate itself, and in other cases, the party who is tasked with administering the estate is not qualified to do so. That is why...
Possible reasons to consider selling business assets
While turning your company from a concept into a successful enterprise, there is a chance you might acquire various types of business assets over time. Managing these assets can be a complex endeavor, and the decisions you make in this regard could have a significant...
Why you need an effective business succession plan
Through the years, you have transformed your company from a startup to a solid success. You know the time to retire will soon arrive, so it is time to review your business succession plan. What? You don't have one? There is still time. Not only does a succession plan...
Is your business at risk during divorce?
While ending a marriage is certainly an emotional process, it is important to remember that it is also a legal process. This means that, as a business owner, you have more than just your feelings on the line. The integrity and survival of your business could be on the...
What are the options when an unmarried couple breaks up but owns a home together?
When an unmarried couple breaks up but owns a home together, dividing the value of the real estate can become an issue. These matters are more clear-cut when a couple is married, but unmarried couples do have options for dividing property that they own together....