Insights

Business | May 27, 2018
How Distributions and Losses Are Disbursed in the Company

Sole Proprietorship The sole proprietor receives all the profits from the business, and bears all the losses, which may exceed the proprietor's investment in the business.   Partnership In the general partnership, the limited liability…

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Business | May 25, 2018
Liability of the Business Owners

Sole Proprietorship The sole proprietor is personally liable for the debts of the business, even if those debts exceed the owner's investment in the business. All of the owner's assets -both those used in the…

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Business | May 23, 2018
What Minnesota Employers Need to Know About Drug Testing

Minnesota has a very strict set of laws governing drug and alcohol testing in the workplace. The set of laws are known as the Drug and Alcohol Testing in the Workplace Act. The Act applies…

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Business | May 1, 2018
Which Business Entity Should You Choose?

One of the fundamental initial decisions a new business owner faces is choosing the form of organization for the business. Generally speaking, a person should consider himself or herself to be "in business" once they…

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