How to Form a Multi-Member LLC

How to Form a Multi-Member LLC

Forming an LLC is a major step in starting a business, and doing so with partners requires a bit more paperwork than being on your own.  It is not too difficult if you follow a few basic steps.   Registration   You will begin with a form called the articles of...
Sole Proprietorship versus LLC

Sole Proprietorship versus LLC

A limited liability company (LLC) and sole proprietorship both have positives, negatives, and different potential outcomes.  While LLC’s have more to offer in the long run, they also take more work to establish and sustain comparatively.  Here is a basic comparison...
Employee Identification Number (EIN) Explained

Employee Identification Number (EIN) Explained

An employee identification number (EIN) is basically a social security number for your company, providing it with identification for taxation and financial reporting.  It is an important feature to have for your business, however it is not always required like a SSN....
Operating Agreements in Minnesota LLC Business

Operating Agreements in Minnesota LLC Business

Creating an operating agreement is an important step in the early stages of entrepreneurship because it covers everything that is significant in your business: descriptive overview, how decisions are executed, and the why.  These are not always done for start-ups,...
Is a Business Partner Right for Your Business?

Is a Business Partner Right for Your Business?

Having a business partner is a strong asset if you are an up-and-coming entrepreneur for a number of reasons: different perspectives on a plan, new skill sets, and of course, more money.  These benefits may give you a competitive advantage in your field, as well as...
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