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A buy-sell agreement may sound like it’s a mechanism for buying and selling businesses, but that’s not exactly the case. A buy-sell agreement is an agreement forged between co-owners of a business to cover the departure of one owner because of retirement, divorce, bankruptcy, death, or just a simple desire to move on to a different pursuit.

Commercial leases in Minnesota are regulated by federal and state law, as well as by local ordinances, zoning and safety codes, contract law, and relevant court decisions. Specifically, the relationship of landlord and tenant is spelled out in Minnesota Statutes, Chapter 504B.

It’s not unusual for a business partnership to end. People move on or retire; that’s a part of life. When the leaving partner moves on, and the other partner(s) need to figure out how to deal with the new reality, they may be left with questions on how to proceed.

Owning and operating a business can bring many challenges, but probably the last thing you want to encounter is being served with notice of a lawsuit against you.

Making the decision to dissolve your business is no easy undertaking. Businesses can fail for all sorts of reasons, but there’s always one thing that’s the same — the process of dissolution needs to be handled thoroughly and professionally. There are a number of legal responsibilities and following the proper procedure is essential to ensure your finances stay protected.

Running a business often involves forging legal agreements with other individuals or businesses to provide needed products or services. These agreements generally take on the form of a contract, whether express, oral, or implied.

Starting a new business can be exciting and scary. Choosing the appropriate business structure, establishing required contracts, filing taxes, and applying for licenses and permits are vital to set up your new enterprise.

Why Would an Entrepreneur Ever Need to Hire an Attorney? Because of the modern world. Structuring the business. Protecting yourself against competitors. Obtaining financing. Dealing with investors. Anticipating business obstacles. Building walls around your intellectual property. Complying with regulations. Negotiating and drafting the right kinds of leases and purchase agreements. Handling disputes with business partners. Hiring or firing employees. Securing the licensing needed to run the business.

With a recent surge in home sales, Minneapolis, Minnesota, has become one of the best real estate markets in the nation. Overall, the Twin Cities metropolitan area—the third-largest economy in the Midwest—has fared better than the rest of the nation during the pandemic, according to real estate financial health indicators, and could give us an idea of future housing trends. Market times are fast while supply is low.