Choosing The Right Entity For Your Business

The right business entity can protect both you and your business. When you start or form one, you need to decide on how it will be structured—and this brings us to choosing the correct business entity.  Why are we putting such a large emphasis on this? This will determine how your business functions, how it will make major decisions, and how it will be taxed.    What Is An Entity? An entity is an organization that Read More

The Difference Between A Merger And An Acquisition

Because these two words commonly appear alongside one another with the word “and” in-between them, it is completely understandable to think they mean the same thing. This, of course, is not true. To solidify your understanding of the terms, we will explain what each one means and then give a real-world example of each.   A Merger This is a legal term for when two different companies merge. The reason for this Read More

Don’t Go It Alone: 4 Dangers of DIY Contracts

When running a business, it is almost always necessary to have a variety of different contracts in place. These contracts will help ensure all parties involved understand their rights and responsibilities, and that there can be repercussions should something not go as agreed. A business will often have contracts in place with partner businesses, vendors, employees, customers, and more.  As the number of contracts Read More

What is the Difference Between Copyrights and Trademarks?

When running a business, it is important to do everything you can to protect your intellectual property. Two of the main methods to accomplish this are copyrights and trademarks. While they are both used for similar things, there are actually some very significant differences that you need to be aware of. Understanding the difference between copyrights and trademarks will ensure you apply for the correct one in every Read More

Buying a Business vs. Starting a New One

If you are ready to turn your dream of owning your own business into a reality, you will have many important decisions to make. For many people, the biggest decision is whether you should buy an existing business or start your own. In some cases, this is an easy decision. For example, if you have developed an entirely new product or service, it will almost certainly make sense to start your own brand-new business. If Read More

Should My Company Use Non-Competes? Five Questions to Ask.

If you run a business with employees, you should consider whether to protect your business by entering noncompete agreements with your employees.  It is a common misconception that noncompete agreements are not enforceable in Minnesota, but they are so long as they are properly drafted.  While there are many things to consider before deciding to use noncompete agreements in your business, here are five things to Read More

Four Ways to Reduce Your Business’s Risk of Being Sued

You likely became a business owner because you had a product or service idea that you were passionate about selling, or because you were eager to challenge yourself and find a new, exciting way to make a profit and be your own boss. You probably didn’t become a business owner because you wanted to spend all your valuable time fighting off costly, reputation-damaging lawsuits. At Neve Webb, we have extensive Read More

Three Reasons to Review Your Contract with an Attorney

When you go into business deals without contracts in place, or with contracts that have not been reviewed by an attorney, you risk some serious consequences. The other party may get away with failing to fulfill the promises you thought they agreed to. Your contract might not hold up in a court of law, and you could face lawsuits. You could also find out you’ve agreed to do or pay something you did not intend to do or Read More

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