9 Ways to Negotiate a Contract Like a Boss

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There are things in life that people only learn to do the hard way. Negotiating contracts is one of them. . . .

[Tip # 2].  I may know what I want out of a contract business-wise, but I certainly don’t know how to write one in such a way that protects my interests. I always have my lawyer review anything I sign. Don’t get me wrong, I try to do as much as I can on my own, in part because I enjoy negotiating. I feel pretty confident about my skills after all these years. But at the end of the day, I need his help, because I’m not a legal expert.

Click the link to read all 9 tips.

Top Legal Issues Facing Small Business - Webinar

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In this NFIB Small Business Webinar we tackle common legal issues that face most small businesses by tracking the life-cycle of a fictional small business. We start with a potential business owner’s idea and track the legal issues that arise as she sets her business up, begins to operate it, hires people to do some work for her, and eventually plans what to do with it as she prepares to retire, sell the business, or leave it to her heirs.

From how to choose the type of business you should establish to protecting your business from employment penalties, this webinar will walk you through the latest legal issues all employers face at some point in their small business.

How to Buy Out Your Business Partner

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Business partnerships end for a wide number of reasons. Some are friendly, amicable, and in the best interest of both parties--while still others can reach a bitter, nasty end.
Whatever the reason is, if you want to keep your business, but your partner has to go, here's everything you need to know to successfully buy out your business partner. . . 

Even if your relationship with your partner is amicable, and even if you are working from a clearly outlined partnership agreement, it is in everyone's best interest to hire an experienced acquisitions attorney to negotiate your buyout.

Working with an acquisitions attorney will help you ensure that your buyout conforms correctly to state and local laws, appropriately honors the initial partnership agreement, and that all parties understand and agree to the terms. The cost of hiring a professional is worth avoiding any headaches or conflict down the line over buyout terms that were mishandled or unclear.

Link to full article here.  

How To Avoid 3 Common Legal Mistakes Small Business Owners Make

How to hire a business lawyer

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There are two professionals every business will need early on: an accountant and a lawyer. The reasons for hiring an accountant are pretty obvious . . . The reason for hiring a business attorney may not, however, be so apparent.

The whole article is worth reading.

Starting a business in Minnesota

The 2016 (and 34th) edition of "A Guide to Starting a Business in Minnesota" is now available for free.

The 2016 edition of “A Guide to Starting a Business in Minnesota” is now available from the Small Business Assistance Office at the Minnesota Department of Employment and Economic Development (DEED) in St. Paul. The popular guide, which is now in its 34th edition and free of charge, provides a concise summary of the major issues faced by anyone starting a business in Minnesota.

You can download it or order CD-ROM or hard copy here.