Many individuals start their small business as a sole proprietorship or as a simple general partnership with a friend. As some point, the question always arises, "Should I form an LLC or a corporation?" Minnesota has a variety of different types of corporate entities of which both a limited liability company and a corporation are included. Each has its advantages and disadvantages as far as taxes and management, but the general questions that should typically be answered when forming a company are as follows:
In a previous article I noted that most lawsuits include an information-sharing phase called discovery. Discovery is like a fishing expedition because it is how the parties "fish" for information about each other's cases. And, like a tackle box with different lures, the courts' rules give us many different tools for fishing for information during a lawsuit.
A lawsuit is a bit like venturing into the deep dark wilderness. Without a good guide in the wild, you're likely to get lost, step into the poison ivy, or maybe even get eaten by the lions and tigers and bears, oh my! Without a good guide through the legal maze of a lawsuit, you're likely to get lost in the process, step into nasty legal weeds, or even get "eaten" by a lawyer who convinces a judge to rule against you.