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.
What's in a name? When it comes to business, there's more than you think.
Important factors to consider before you choose the legal form your business will take.
Advantages and disadvantages of a sole proprietorship.
Basic steps you'll need to take when forming a sole proprietorship.
Get the low down on the advantages and disadvantages of forming a partnership.
Drafting a formal partnership agreement is an essential first step.
Corporations have distinct advantages over sole proprietorships and general partnerships.
Forming a corporation in Minnesota is dictated by state law and the process is pretty straightforward.
One of the most popular legal structures for a business today.
The process for establishing a limited liability company in Minnesota.
Spotlight on Professional Entities, Nonprofits, Cooperatives and Franchises
Once you've chosen a name and a structure for your business, there may be official documents to file.
What’s the difference between an “S” corporation and a “C” corporation? Simple. It’s the way the businesses are taxed.