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Organizing Your Business

Choosing how your business will be structured is one of the first and most fundamental decisions that you will make. There are many options, each with advantages and disadvantages to weigh. Here are some basics to consider.

Naming Your Business

What's in a name? When it comes to business, there's more than you think.

Choosing the Right Business Structure

Important factors to consider before you choose the legal form your business will take.

Sole Proprietorship

Advantages and disadvantages of a sole proprietorship.

Forming a Sole Proprietorship

Basic steps you'll need to take when forming a sole proprietorship.

Partnership

Get the low down on the advantages and disadvantages of forming a partnership.

Forming a Partnership

Drafting a formal partnership agreement is an essential first step.

Corporation

Corporations have distinct advantages over sole proprietorships and general partnerships.

Forming a Corporation

Forming a corporation in Minnesota is dictated by state law and the process is pretty straightforward.

S and C Corporations

What’s the difference between an “S” corporation and a “C” corporation? Simple. It’s the way the businesses are taxed.

Limited Liability Company

One of the most popular legal structures for a business today.

Forming an LLC

The process for establishing a limited liability company in Minnesota.

Special Types of Organizations

Spotlight on Professional Entities, Nonprofits, Cooperatives and Franchises

Filing Documents with the Secretary of State

Once you've chosen a name and a structure for your business, there may be official documents to file.

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