If you are a subcontractor for a construction project, you should be aware of your rights and duties. Most of the specifics should be set forth in the subcontractor's agreement. As with all business dealings, having the terms in writing is the best way to know what you have agreed to, rather than having an
Minneapolis Business Lawyers
- Assisting New Business Owners
- Representing Growing Companies
- Helping Insolvent Business Owners
- Managing Complex Business Deals
Thompson Hall was founded by representing business owners in small and mid-sized companies. We have a close working relationship with our business owner clients, including small and large companies, partnerships, and joint ventures.
We provide counsel to business owners, in a variety of business contexts, to ensure legal compliance, minimize taxes, and reduce risk. From formation to dissolution, we help our clients save money, minimize legal expenses, and avoid legal obstacles that could trip up their business.
Assisting New Business Owners
Our Minneapolis business attorneys work with new business owners on a weekly basis. The needs of new businesses are relatively simple. We love working with new business owners, so we offer a number of cost-effective options to fit the tight budget of a small business owner.
New business services include the following:
- Selecting the best type of business (LLC, partnership, S corp, C corporation)
- Drafting bylaws, buy-sell agreements, buy-back agreements, repurchase agreements, etc.
- Planning to minimize taxes
- Registering trademarks and copyrights
- Negotiating commercial leases
- Drafting employee manuals, standard company contracts, and business policies and procedures
Representing Growing Companies
Our business attorneys partner with business owners throughout the life of the business. Our attorneys understand business, in addition to business law. Our business law practice is about improving your bottom line and helping you compare your legal options based on your ROI. We understand you need the job done right, without unnecessary extra frills.
Our business lawyers represent established businesses in the following ways:
- Drafting contracts for complex agreements
- Collecting unpaid bills and debts
- Minimizing risks of litigation and financial liability
- Advising on trademark, copyright, patent, domain name, trade secret, and related IP issues
- Advising companies on state and federal employment laws
- Representing in lawsuits, arbitration, mediation, and administrative hearings
- Dealing with trademark infringement, unfair business practices, trade secret violations, antitrust matters, and business torts
Helping Insolvent Business Owners
Not every business succeeds. When a business fails, our attorneys help protect the business owner’s finances, reputation, and assets. Many of our business clients are relieved to learn how many options are actually available to them. Our business attorneys can help struggling businesses with the following:
- Negotiating debts and loan defaults
- Dealing with harassing creditors
- Analyzing complex financial issues
- Preserving the most assets in bankruptcy
Managing Complex Business Deals
- Negotiating complex deals and drafting sophisticated contracts
- Addressing real estate problems
- Preparing franchises, JVs, partnerships, and complex business relationships
- Representing buyers and sellers in a business sale or purchase
- Facilitating mergers and acquisitions
- Advising on the sale and licensing of intellectual property and intangible assets
Experienced Minneapolis Business Attorneys
Our firm’s considerable experience in business and corporate law has been a great benefit to our business owner clients. Our goal is to develop personal relationships with our clients, to be available when they have questions or needs, and advise them on ways to minimize legal trouble so they can focus on growing their business and enjoying the rewards of their profits.
Our Minneapolis business attorneys are experienced in representing companies large and small. Their primary practice is representing business owners and businesses with under 50 employees. Representation includes avoiding legal problems through planning and careful contract drafted, providing answers to business legal questions as companies face legal issues, and representing parties in lawsuits and business deals.
Our business attorneys are experienced in representing businesses in a variety of industries. Their work has resulted in significant media coverage, speaking engagements, and being published in legal publications. Representing businesses is a significant portion of our law firm.
The Uniform Commercial Code: What it Means to Your Business
Decades ago, many businesses engaged in transactions with other entities in the same geographic area. Then came the Internet and other electronic devices that allow business to be easily conducted with a just a few clicks. Today's companies are likely engaged in transactions with entities in other states. You need to comply with the UCC
Avoid Litigation With Alternative Dispute Resolution
Increasingly, businesses are putting language into their contracts requiring disputes to be handled by a third-party arbitration firm. And it makes good business sense. Courts have also gotten into the action. More judges are ordering parties to try to settle their conflicts through alternate dispute resolutions such as arbitration or mediation in an effort to
Warranties: Legal Guarantees You Need to Understand
If you're in the business of selling or manufacturing products, then you're in the business of offering warranties -- whether you realize it or not. Basically, a warranty is a guarantee that an item is of a certain quality or has certain attributes. Offering written warranties makes good business sense. They help assure customers that
Communication Is Critical During Mergers and Acquisitions
Want to enter a market quickly, expand market share, or acquire and established brand? The first phrase that comes to mind is mergers & acquisitions. That can be a quick way of accomplishing your company's goals. But mergers are often difficult - a frequently used term is the dance of the elephants - and success or failure
A Key Partner in Your Business is Disabled: Now What?
Succession planning is one of the basic responsibilities of the business owner. After all, the owner's family, partners, shareholders, suppliers, vendors, and in many cases, employees and their families all rely on the business's continued viability as a going concern, to a greater or lesser degree. And of course, for the owner's family, that dependency
If a Partner Dies: Ensure the Survival and Success of a Business
Consider this scenario: Two business partners have been friends since high school. After going to college, and spending a few years in the work force, the two friends come back together and start a manufacturing business as equal partners. After a tough first couple of years, they finally get a couple of big breaks, and
Starting a New Business: Nonprofit or For-Profit Sector?
Say you have a brilliant idea and want to start an organization to actualize your vision. Oftentimes, these ideas are more than classic profit maximizing endeavors, they may have positive social impacts as well. What type of organization should you start? The first question to ask is, what sector should your organization be in? The
Social Enterprise: A Nonprofit, For Profit, or Something In Between?
A social enterprise is an organization applying commercial strategies to maximize improvements in human and environmental well-being; can include maximizing social impact alongside profits for external shareholders 1) Social By Sharing - "Social" because they share some or all of their profit with other charitable organizations or causes Finnegan’s Beer, which donates 100% of its profits to
How Consumer Protection Laws Affect Your Business
In the "good old days," owners of honestly-run businesses had little reason to fear the law. "Caveat emptor," or let the buyer beware, was the norm. Contract laws, particularly those involving warranties, provided consumers with the ability to sue under some circumstances, but it was relatively easy for companies to avoid the long arm of
Antitrust Laws Designed to Foster Competition
When you hear the word antitrust, you may think of Microsoft, IBM and Ma Bell -- or, if you're looking at historical cases, Standard Oil and American Tobacco. As a small or medium-sized business, you might think antitrust law is an issue you don't have to worry about. Don't fall into that trap. All businesses
Five Things You Should Know about ‘Demand Letters’
Demand letters are often the precursor to filing a lawsuit. But they can also be an effective tool in resolving disputes before going to court. Commonly used by businesses, demand letters are often sent to demand money owed or restitution, but they can also be used to demand specific actions. Having your attorney draft a demand
Donald Trump: Six Ways the 45th President will Impact Small Businesses
Markets dislike uncertainty. America experienced more than its fair share of uncertainty on election night, when Donald Trump shocked the pundits by upending their polls and predictions and winning the presidential election. Not surprisingly the markets quaked; as the results came in Dow futures plunged and at one point were down almost 800 points. They
Setting Reasonable Expectations for Family Business Succession
Succession planning involves decisions and planning regarding the transfer of the entrepreneur role. During this process the entrepreneur determines if, when, how, and to whom they want to transfer the enterprise and for how much. In order to engage in succession planning, the entrepreneur must want to transfer either wealth or opportunity to the next
Raising Money: The SEC Adopts New Rules That Help Entrepreneurs Raise Money
SEC Adopts Final Rules In a refreshing twist of pace from its rule making with Regulation Crowdfunding, the Securities and Exchanges Commission (SEC) did something right and updated its rules regarding how companies can raise money through intrastate and small offerings. In large part, the changes are intended to make it easier to use state based securities
What Private Companies Need to Know About the Sarbanes-Oxley Act
The most sweeping corporate governance reforms and changes to the federal securities law in over 70 years. Enacted July 30, 2002. In response to widely publicized corporate scandals that occurred at some of the largest and best known public companies. Immediately following the enactment public companies began to adopt and implement numerous policies and procedures
Can a Minnesota Public Benefit Corporation Lose its Status?
Yes. A public benefit corporation can lose its status as a public benefit corporation in three ways: termination, revocation, or dissolution. Under the Minnesota Public Benefit Corporation Act, there are two ways a public benefit corporation can terminate its public benefit corporation status: by amendment or by transaction. Additionally, a court may order termination by
Cooperatives: The Capper-Volstead Act
The act was enacted in 1922. It was sponsored by Senator Arthur Capper and Representative Andrew Volstead. Senator Capper was a former two-term governor of Kansas, former President of the Kansas State Agricultural College Board of Regents, and media mogul. Representative Volstead spent twenty years in the U.S. House. He was a schoolteacher and lawyer
What Is a Cooperative? The Basics
An autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically controlled enterprise. Credit Transportation Facilities Recreational Equipment Food Housing Healthcare Childcare Wholesale goods and supplies Electricity Telephone and telecom services Farm production supplies and services Farm marketing 1752: Benjamin Franklin forms
Managing the Ups and Downs of Seasonal Businesses
What do pumpkin patches, ski resorts, ice cream shops and accounting firms have in common? They're all seasonal businesses that experience a surge in revenues during their busy seasons that tapers off in the slow season. Seasonal peaks and troughs present challenges that require creative planning and fiscal prudence. Every business has some degree of