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Navigating the business world today can be complex and difficult. With the ever-changing state and federal regulations and case law, setting up and running a small business is a challenge. Business owners may need advice on forming a business entity, creating agreements, arranging financing, adhering to compliance, and managing human resources, as well as buying and selling businesses, preparing buy-sell agreements, staying compliant with the law, and business succession plans. Berglund Law Office has decades of experience assisting local businesses and members of the business community with sound legal advice to help them succeed in a complex environment.

Small Business Startup Lawyers in Twin Cities

Considering starting a business in Minnesota? You’ll need to file business formation documents with the Secretary of State’s office. Berglund Law Office can help you choose the right entity and prepare the required documents. Popular business entities in Minnesota include:

  • LLC – Today, LLCs, or limited liability companies, have become the most widely chosen business entity. With an LLC, double taxation can be avoided and members, the equivalent of shareholders, are safeguarded from personal liability if legal action is taken against the company. In such a situation, the personal possessions of the LLC’s members will be secure.
  • LLP – LLPs, or Limited Liability Partnerships, provide protection to both partners and certain aspects of the business from potential legal claims.
  • Corporations — The two traditional forms of business entities are “C corporations” and “S corporations”. These offer limited liability protection for their owners (also known as “shareholders”) and involve the issuance of stock.

Minnesota also allows a number of other choices of business entity including the following:

  • The sole proprietorship
  • The partnership
  • The limited partnership
  • The sole proprietorship
  • The partnership
  • The limited partnership

Protect Your Personal Assets

Business owners should be aware of the risks posed by their operations and take proactive steps to secure their personal assets. This includes making wise decisions about the type of business entity and agreements used (e.g., operating agreements, bylaws, etc.) to safeguard their personal belongings. Consulting experienced legal counsel can help you establish the right protection plan for your business.

For businesses with multiple locations or sources of income, there are a variety of options available to protect personal assets. These include creating multiple businesses, wholly owned subsidiaries, and certain types of trusts. Taking these precautions from the outset can ensure that your personal assets are secure from liabilities related to your business. Schedule a free consultation through

No matter the situation, we are prepared to safeguard your legacy.

Schedule a no-cost initial meeting with an experienced trusts and estates attorney.