TABLE OF CONTENTS
Preface ........................................................................................................................................... i Choosing the Form of Business Organization .................................................................................. 1 Tax and Non-Tax Considerations ............................................................................................ .1 Naming the Business Entity ............................................................................................... ...32 Forming a Sole Proprietorship ............................................................................................. 39 Forming a Partnership . ........................................................................................................ 39 Forming a Minnesota Business Corporation ........................................................................44 Forming a Minnesota Limited Liability Company . ................................................................ 51 Special Types of Business Organizations .............................................................................. .56 Filing Documents with the Office of the Minnesota Secretary of State .......................................62 Office of the Minnesota Secretary of State Fee Schedule for Business Entity Filings ...........64 Regulatory Considerations ............................................................................................................ 69 Securities Registration . ........................................................................................................ 69 Franchise Registration . ......................................................................................................... 77 Evaluating a Business Opportunity . ..................................................................................... 79 Business Licenses and Permits .............................................................................................. 81 Environmental Protection Programs.....................................................................................84 Intellectual Property Protection .................................................................................................... 89 Business Plan . ............................................................................................................................... 90 Accounting for the New Business . ............................................................................................... 94 Basic Accounting Principles . ................................................................................................ 94 Income Forecasting Techniques ............................................................................................ 96 Business Grants...........................................................................................................................100 Business Loans ........................................................................................................................... 101 Public Sources of Financing – Federal Programs .................................................................103 Public Sources of Financing / Tax Credits – State Programs .............................................. .108 Public Sources of Financing – Local Programs . ..................................................................122 Private Sources of Funds ..................................................................................................... 123 Insurance ....................................................................................................................................124 Issues for Employers ..................................................................................................................127 Who is an Employee? . ........................................................................................................ 127 Employment Agreements...................................................................................................132 Labor Standards .................................................................................................................. 134 Rest Breaks and Leave Time . .............................................................................................. 154 Employee Testing and Background Checks ......................................................................... 160 Employment of Minors.......................................................................................................164
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