TABLE OF CONTENTS
Preface ........................................................................................................................................... i 5 Steps to Start Your Business in Minnesota .................................................................................. v Operational Actions to Start a Small Business................................................................................vi Choosing the Form of Business Organization.................................................................................. 1 Tax and Non-Tax Considerations ............................................................................................ .1 Naming the Business Entity..................................................................................................33 Forming a Sole Proprietorship .............................................................................................39 Forming a Partnership .........................................................................................................40 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..............................................................................................82 Environmental Protection Programs.....................................................................................84 Business Compliance Checklist.............................................................................................90 Intellectual Property Protection....................................................................................................92 Business Plan................................................................................................................................93 Accounting for the New Business ................................................................................................ 97 Basic Accounting Principles ................................................................................................. 97 Income Forecasting Techniques............................................................................................ 98 Business Grants...........................................................................................................................103 Business Loans ...........................................................................................................................104 Public Sources of Financing – Federal Programs.................................................................106 Public Sources of Financing / Tax Credits – State Programs .............................................. . 110 Public Sources of Financing – Local Programs ...................................................................124 Private Sources of Funds.....................................................................................................124 Insurance ................................................................................................................................... . 126 Issues for Employers ..................................................................................................................129 Who is an Employee?.........................................................................................................129 Employment Agreements...................................................................................................135
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