involved in raising capital and including such areas as “taking a company public,” “due diligence,” the investment agreement and tax consequences of capital financing; A Legal Guide to Technology Transactions A COVID-19 Update 2020 , is intended to better enable businesses considering information technology acquisition to frame up their questions and issues for their own staff, for technology suppliers, and for consultants and attorneys who will be involved in the contracting, acquisition, and use of the technology; A Legal Guide to Data and Privacy Security 2026, represents the first ever attempt to compile Minnesota state data privacy and security laws as well as federal and global privacy laws in one publication. Publications are available online on the Minnesota Department of Employment and Economic Development (DEED), Small Business Assistance Office. The Bureau continually produces new publications. All publications are available free of charge. SMALL BUSINESS DEVELOPMENT CENTERS (SBDCs) Minnesota Small Business Development Centers (MnSBDCs) are a statewide network of f ree business advising and training centers funded by the U.S. Small Business Administration, the Minnesota Department of Employment and Economic Development (DEED), and local host organizations like colleges and economic development groups. They provide confidential, no‑cost help to people starting or growing small businesses in Minnesota that meet SBA size standards.
What the MnSBDCs do The MnSBDC network offers two main services:
• One‑on‑one counseling . Trained advisors help with business planning, marketing, e‑commerce and cybersecurity basics, financial projections, cash flow, and preparing loan packages. They can also connect you to help with regulatory questions, exporting, government contracting, and intellectual property through partner organizations. • Training and workshops . Centers provide free or low‑cost classes on topics such as starting a business, accessing capital, using financial statements, managing employees, marketing (including online marketing), and market research. Programs are designed around the needs of local small businesses. Counseling is customized to each client and is provided by staff counselors and, in some cases, private consultants. Many counselors have both formal business training and years of practical experience running or advising businesses. Services are available in person, and all regional centers also offer online counseling. Where they are and who they serve Minnesota has nine regional SBDC centers , plus satellite and outreach locations, so most clients have a center within a reasonable driving distance. Because of federal, state, and local funding, one‑on‑one counseling is provided at no cost , and most training is free or offered for a nominal fee. Businesses must meet SBA size standards and other basic eligibility requirements to receive services.
242
Made with FlippingBook - Online Brochure Maker