It is a good idea to prepare yourself for the day when you will no longer be able to or want to run your business. It is never too early to do this. You can make a business exit strategy when you are first opening the business. Having a business exit strategy lets you...
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Business Law
Trademark infringement claims may need to prove confusion
A registered trademark owner may allege infringement. The court may then review a mark's likelihood of confusion with customers. As noted by the United States Patent and Trademark Office, businesses could defend against infringement claims by showing the...
3 methods of resolving business disputes
When you own your own Minnesota business, the chances of you finding it embroiled in some type of dispute over its lifetime are high. Business disputes arise for many reasons, and they often involve intellectual property rights issues, allegations of copyright...
Things to consider before forming a partnership
If you want to start a company, or even if you are already a business owner, you may be wondering if taking on a partner is a good business move. Having a partner can be beneficial in numerous ways, especially if there are areas in which you are not knowledgeable....
What forms can a business take?
When forming a business, one of the important decisions that entrepreneurs must make is the type of business they will form. What are the advantages and disadvantages of four common types of businesses? 1. A sole proprietorship In a sole proprietorship, a business...
Should you use an attorney when you buy a business property?
As a business owner, the decision you’re making to buy a property and home for your business is one of the most significant and costly you’ve faced. Your goal should be to find a property that is a good value and that sets your business up for success in the future....
How to negotiate a contract with a candidate
As a small business owner, you probably have your hands on the hiring process. And for that reason, you should understand the ins and outs of negotiating with job candidates. Once you find the perfect fit for an open position, it’s time to make a formal offer. While...
Common mistakes small business owners often make
Whether you started your small business, inherited it or purchased it, growing it to be a stable stream of income is typically the goal. As a new business owner with big plans but finite resources, you will likely get creative in the early days of operating the...
Is your company domain name and website safe from creditors?
A domain name and website can be the lifeblood of the business. Losing an online presence can be detrimental to that company. On the other hand, liquidating a debtor’s website can be an important source of collection for a creditor. In a published opinion issued on...