Business owners in North Dakota should know that it's a good idea to have a working relationship with a law firm. A law firm can help an entrepreneur with business formation, contracts and other common issues. In general, a business owner should have a relationship...
Business Law
LLCs offer tax, liability protections
The statutes of North Dakota allow for the creation of limited liability companies. An LLC is a specific type of business structure that may offer tax and liability advantages to its owners. The owners of an LLC are referred to as members. In most states, there are no...
What to know about selling a private business
There are many different issues that private business owners need to consider when determining if they want their companies to be acquired by another organization. The first question that a seller has to answer is whether a buyer's offer represents fair market value...
What to do when a breach of contract occurs
Business owners in North Dakota and elsewhere depend on contracts to make their companies run smoothly. Unfortunately, some find that, even with contracts in place, there are those who ultimately fail to uphold their end of any agreed-upon terms. What can one do to...
Changing a company’s entity and important business law decisions
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...
North Dakota businesses and the blue law repeal
A big change is happening when it comes to business regulations in North Dakota.This is the repeal of the state’s blue laws. Under these laws, most North Dakota retail businesses were prohibited from opening before noon on Sundays. The governor recently signed a...
