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 exit the company. An effective business succession plan can help a...
Fargo Legal Issues Blog
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 company. Once you find the ideal location and a place to lease, you have the challenge of negotiating...
Dating after divorce: Navigating your new normal
Dating after the dissolution of your marriage can be a daunting experience. It's a journey through uncharted territory, filled with emotional ups and downs. After the dissolution of a marriage, many individuals wonder how to navigate the dating world again....
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 an appraisal gap. An appraisal gap occurs when the offered price is higher...
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 estate plan in place. There’s something of a caveat here, as age was not taken into account for this...
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 also present challenges. Integrating two distinct companies requires...
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 contract is crucial. These legal documents can be complex, but...
What happens to the family home during divorce?
Divorce comes with a number of difficult decisions to make. Besides working out a parenting plan, one of the most challenging aspects of the divorce is arriving at an equitable distribution per North Dakota marital property laws. It is not uncommon for a couple to end...
Why divorce is so complicated right now
Every August, there’s a bi-annual surge in new divorce filings, probably because couples want to make a break before the holiday season gets started. However, divorce is a bit harder right now than it has been in previous years – and you can thank the turbulent...
Dividing debt in a North Dakota divorce
The division of assets is generally considered one of the primary areas of focus for divorcing couples. For many couples, however, the division of debt may be of greater concern. Debt, like assets, is typically considered either individual or joint (marital). Student...