(612) 206-3701 info@lucerelegal.com

Make Sure Your Business is Worth Its Investment

Small businesses are the lifeblood of the American economy. Forget the industry titans: studies conducted by the U.S. Small Business Association (SBA) have again and again shown that two of every three American jobs created each year come from small businesses. What’s more, owners and employees of small businesses make up over half of the American workforce!

The SBA offers more than just data drawn from the past, providing future-oriented recommendations for aspiring entrepreneurs and longtime business owners alike. Among their list of essentials for those just getting off the ground is high-quality legal advice.

While both sides of the political aisle support making it easier for small businesses to grow, don’t expect clear sailing ahead! Regardless of certain laws and regulation written to your advantage, there will always a daunting set which are violated at your–and your business’s–peril.

Of course, the best protection is prevention. Make sure an experience business lawyer has your back as your venture gets its start. Choose someone with hands-on experience assisting small businesses through this sometimes chaotic process–you will need professional legal advice on:

  • How to set up the best structure for your business
  • How to work out fair operating terms with partners
  • How to protect your business from client’s who don’t pay
  • How to make sure your vendor and supplier relationships stay on solid ground
  • How to make sure your staff doesn’t become a liability for you

Would you set out into the Amazon without a guide? Proper planning and preparation can mean the difference between achieving your dreams and losing it all–especially for small business owners. The potential consequences for both your family and your business are too disastrous to entertain. Don’t forget: no matter your experience in your industry, taking the helm of a company is completely different and brings with it many monumental changes from being a simple employee–not least of which are changes in your knowledge base.

Having less cash on hand is simply a fact of life for the majority of small business owners. Unlike a traditional employee, you may find yourself injecting a significant portion of your earnings back into your business in pursuit of growth. This fundamental difference makes it essential that you protect your investment for your business’, and ultimately your family’s, well-being. With a Creative Business Lawyer™, the protection of your business and your family for the long-term is the top priority.

If you’re a small or mid-size business owner, call us today at (612) 206-3701 or contact us on our contact form to schedule a small business consultation session.

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The plain-English guide for Minnesota small business owners

When it comes to business, ignorance isn't bliss; ignorance is risk.

There's a handful of legal topics that business owners should be familiar with, at least on a rudimentary level, to reduce the risk of having something horrible come out of left field.

This book is a legal guide to help you put the most common business legal issues on your radar, with enough information for you to be on the alert for when you may need to get some professional advice.

The intention in arming you with this information is so that you can proceed in business confidently and with fewer legal quagmires.

Do you have a cabin?

The first generation that buys a cabin enjoys it to the fullest and it’s a magical place where happy memories are made and families go for some much needed respite. Unfortunately, without thoughtful planning, the chances of the cabin staying a place of happiness and tranquility into successive generations is very, very slim.

If you haven’t done the planning in advance and made it legally binding, the family members (and their ex-spouses and new spouses) will have to work every detail out for themselves. If they can’t, what is likely to happen is a lawsuit called an action for partition that forces everyone to sell their interest. This lawsuit is expensive, and the costs of litigation will come out of the proceeds of the sale of the cabin, so to add insult to injury to those who wanted to keep the cabin but couldn’t afford to buy the others out, they are footing part of the legal bills in the lawsuit against them. Ouch!

It’s no wonder that family members stop speaking for years after the cabin conflict is “resolved.” You can’t make family relationships perfect, but you can take away much of the fuel for the family conflict fire. That’s what cabin planning does, and it has the nice side effect of giving you peace of mind now.

That’s why Kimberly wrote The Minnesota Cabin Planning Guide and Workbook, and you can get a free electronic copy of her book on our cabin planning website, or you can find it in many county libraries in Minnesota, or you can get it on amazon.com.

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