As a Monticello trust lawyer, I can confidently say that small businesses are the backbone of this country. They employ more than half of the domestic workforce and contribute greatly to the economy. But, did you know that 9 out of every 10 small businesses are family-owned, and more surprisingly, … [Read more...] about Minneesota Trust Lawyer on How to Create a Business Succession Strategy
Minnesota Business Planning
Business Planning Lawyers Recommend Estate Planning
A small business is a part of your identity, not to mention your livelihood. Business planning lawyers in Minnesota look to protect both aspects of this should you die or become incapacitated. Advanced planning is one of the smartest things that you can do to ensure that your small … [Read more...] about Business Planning Lawyers Recommend Estate Planning
Minnesota Estate Planning Attorney: How Can Farmers Can Protect Their Life’s Work?
Creating a comprehensive estate plan can protect your interests and your family’s future. When you work hard to earn a living and obtain assets, it’s natural to want to pass them down to your children or dependents when you pass away. Unfortunately, many people don't understand how to keep their … [Read more...] about Minnesota Estate Planning Attorney: How Can Farmers Can Protect Their Life’s Work?
How to Create a Business Succession Plan | Minnesota Business Succession Attorney
Owning a business can be an all-encompassing task. When you are focused on the day-to-day management and administration of your business, it can be hard to think long-term about a succession plan. However, planning for the future of your business after your passing is crucial. Why Create a … [Read more...] about How to Create a Business Succession Plan | Minnesota Business Succession Attorney
How to Create a Business Succession Strategy
Small businesses are the backbone of this country. They employ more than half of the domestic workforce and contribute greatly to the economy. 9 out of every 10 small businesses are family-owned. But most of those do not make it past the third generation of family ownership. Many small business … [Read more...] about How to Create a Business Succession Strategy
Estate Planning for Your Minnesota Small Business
When it’s time to start your estate planning process (that time is right now, by the way), entrepreneurs need to remember to take their small businesses into consideration. Whether you own the entire business outright and work for yourself or you simply own a portion of the entity, you will … [Read more...] about Estate Planning for Your Minnesota Small Business
Business Succession Planning Tips
Business succession plans contemplate and instruct regarding any changes in future ownership and management of a business. Most business owners know they should think about succession planning, but few actually end up doing so. It is hard to think about not being in charge of the business you have … [Read more...] about Business Succession Planning Tips
Family Business: Preserving your Legacy for Generations to Come
Your family-owned business is not just one of your most significant assets, it is also your legacy. Both must be protected by implementing a transition plan to arrange for transfer to your children or other loved ones upon your retirement or death. More than 70 percent of family businesses do not … [Read more...] about Family Business: Preserving your Legacy for Generations to Come
Own a Business? You Need an Estate Plan
A small business is a part of your identity, not to mention your livelihood. Minnesota business and estate planning lawyers look to protect both aspects of this should you die or become incapacitated. Advanced planning is one of the smartest things that you can do to ensure that your small … [Read more...] about Own a Business? You Need an Estate Plan
