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Tips for effective business succession planning

Business succession planning is crucial for ensuring a smooth transition of a business to new leadership or ownership when its current owners retire, become incapacitated, pass away or decide to

3 types of commercial leases

Finding a commercial space for your business often takes considerable work. You have to find a good location that has most, if not all, of the items important to your

How can buyers avoid an appraisal gap that prevents a closing?

Sometimes real estate transactions fall through before they reach the closing table. After prices surged in recent years, a large number of hopeful buyers have had their dreams destroyed by

Do not put off your estate planning

Did you know that most people don’t have an estate plan? It’s true, as recent studies have found out that roughly 2/3 of all individuals polled do not have their

Issues to consider during a business merger

Mergers can be a promising avenue for business growth, offering a chance to combine resources, eliminate competition and access new markets. While they come with their set of opportunities, they

3 main elements of a business contract you should know

In business, contracts are the backbone of every agreement and transaction. Whether you are a seasoned entrepreneur or just starting your business journey, understanding the key elements of a business

Can you create multiple trusts?

When drafting a will, you may find that it doesn’t have a lot of options to secure your assets. For example, your estate could be taxed and your heirs may

What happens if you die without a will in North Dakota?

In North Dakota, dying without a will means that your estate will be subject to the state’s intestate succession laws. Intestate succession refers to the legal process of distributing the

Is it better to buy or lease commercial real estate? 

If you have the capital available, you might be thinking about whether it’s a good idea to buy a piece of commercial real estate as opposed to leasing one. The

When should you draft contracts when forming your business?

Forming a business can be exciting and overwhelming. You may be excited that you are fulfilling your dream, but simultaneously have to make crucial decisions regarding financing, business structure, marketing

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