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Farming remains one of North Dakota’s most profitable industries. Since everyone must eat, you know your goods will always be in demand. However, running a farm is not for the faint of heart as it takes lots of hard work to succeed in the farming industry. Along with...
As an employer, it’s important that you understand the laws that you must meet to keep your workplace safe and comfortable for your employees. One of the most important issues to address is sexual harassment. You should have solid employee training and a handbook with...
Some North Dakota entrepreneurs who are launching a new venture make a lot of legal mistakes that can backfire at a later time. There's a significant amount of work required to start a company, and many people fail to track their expenses by keeping receipts for tax...
A good business succession plan strikes a balance between maximizing returns for the current ownership generation and the subsequent generation's long-term goals. If you own and operate a business in North Dakota, it is important to employ the services of an...
One of the most popular types of North Dakota business entities is a partnership where one or more persons agree to invest in a business together. Unfortunately, statistics have revealed that close to 70% of all U.S. partnerships ultimately fail. Understanding why...
When you are busy running your own business, you always have a lot of tasks to take care of. While you often look toward the future, to ensure your business can succeed in the long run, one task you may overlook is creating a succession plan for your business. Even if...
Owning and operating your own business is the dream for thousands of entrepreneurs who want to be their own bosses. However, many North Dakota business owners have probably come to the realization that there is a lot of legal work to do to ensure that their businesses...
You may have heard of the term anticipatory breach before, but it's usually in the context of an incomplete job. However, an anticipatory breach of contract is one that involves the person hired for the job expressing or showing that they will not start on it....
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...
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...
