Fargo Legal Issues Blog

When a North Dakota business owner starts a company, he or she makes decisions based on an uncertain future. It's impossible to know what a business will look like years down the road, and some of the business law choices made during the formation process may no longer make sense or work for the company. Sometimes, it may be necessary to change a company's entity.

During the business formation process, an owner will choose the structure for the business. This is a choice that will determine the type of business a company will be, such as a limited liability company, sole proprietorship and more. This is a choice that impacts the financial responsibility the business owner will have for company debts, and it also affects taxes. 

When a person is searching for a home in North Dakota, it's easy to allow excitement to drive the decision-making process. While buying a home is an exciting time, it's beneficial to think carefully about the implications of all choices before moving forward. Many people make real estate mistakes that come back to cost them significant time and money in the future. 

Some of the most common mistakes that people make are making low-ball offers or assuming that all prices are negotiable. This is not always the case, and it can be smart to do some homework to better understand home values and prices in the desired area. Buyers also may be tempted to get caught up in the details and bonus features in a home without taking the time to carefully inspect the quality of the home's construction. 

Ending a marriage is a process that involves difficult emotions. Sometimes, North Dakota parents may want to act on their own emotions instead of what would truly be best for the kids. Instead, it is smart to set temporary feelings aside and think about what would truly be best for the kids in the long term. With this as the focus, it is easier to make family law decisions that truly benefit the kids for years to come. 

There is significant evidence that supports the fact that children benefit when allowed to have strong relationships with both their father and their mother, even after divorce. Kids need financial support from their dads, but research shows that quality time with dads is critical for their well-being. Parents can allow their kids to do this by crafting a reasonable custody order that splits parenting time. They may also consider living close together for the benefit of the kids. 

Buying a home is an exciting step, especially when it is a buyer's first North Dakota home. In the excitement of the prospect of owing a home, it is smart for a buyer to slow down and ensure that he or she is not getting more than bargained for. Caution and preparation are two key steps to avoiding costly errors in a real estate purchase. 

One of the most important steps in the home buying process is for a buyer to figure out exactly how much home or she can afford. It is a mistake to buy too much house, which is a commitment to mortgage payments that can become overwhelming. This can lead to significant financial struggles. Another common real estate mistake is to fail to budget for things like closing costs and other fees a buyer may have to pay before closing.