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Your Guide to Business Entity Types: Corporations
Corporations are one of the most popular types of business entities. This is because they provide the most protection from liability for their owners and directors. Incorporating a business allows the company to act as its own legal entity and allows stocks to be publicly traded. Today, we’ll be discussing the essential points of what…
Your Guide to Business Entity Types: General Partnerships
A general partnership is a common business entity type that occurs when two or more people own a business and have not filed to register the company as any other type of entity such as a limited liability company or corporation. Today, as a part of our Your Guide to Business Entity Types blog series,…
Your Guide to Business Entity Types: Limited Liability Company
In today’s article, as a part of our Your Guide to Business Entity Types blog series, we’ll be discussing limited liability companies. Registering your company as this type of business can reduce the personal liability involved with owning a business on your own or with a partner without the need for incorporating. Additionally, you can…
Your Guide to Business Entity Types: Limited Liability Partnership
As we continue with our blog series, Your Guide to Business Entity Types, today we are discussing limited liability partnerships. The name of this business type is quite self-explanatory, as it is a business that has two or more owners just like a partnership but can also offer the partners limited personal liability. Read on…
Your Guide to Business Entity Types: Limited Partnership
Next up in the blog series, Your Guide to Business Entity Types, from Morris Law Group, is limited partnerships. In today’s article, we’ll be discussing what a limited partnership is, how it works, and how it differs from other business types. Read on to learn more, and if you need assistance from a Minnesota business…
Your Guide to Business Entity Types: Sole Proprietorship
Welcome to our blog series, Your Guide to Business Entity Types. Today, the team at Morris Law Group will be discussing sole proprietorships. This business type is extremely common, as it doesn’t require any additional paperwork to file with the state such as a corporation or LLC does. Many small businesses that are operated and…
The Do’s and Don’ts of Collecting Unpaid Rent
As a landlord, it is inevitable that at some point you will have a tenant that fails to pay rent either on time, or at all. Whether this is due to circumstances within or without the tenant’s control, you’ll want to be prepared to handle this situation in a way that is most likely to…