Business Law

Business Law

Whether you want to start your small business or plan your business activities, the attorneys at Reppe Law Office PLLC provide effective, personalized solutions. Our accessible attorneys can answer all your business planning, building, and administration needs.

Business Formations

Our business law attorneys can assist you with business formation in Minnesota. After assessing your business’s structure and needs, we can help you choose one of the following statuses:

 

  • Sole Proprietorship — This type of entity has a single owner. It must be registered with the Minnesota Secretary of State and local business authorities. Sole proprietors file business profits or losses on their personal tax returns.
  • Partnership — When two or more people are in business together, they form a partnership, and each contributes something of value. Generally, the partners assume liability for the entire amount of any business debt or claims against the partnership. Both partners file income taxes, reporting the profits or losses according to their ownership share. The business does not get taxed, but the partners file an annual report with the IRS reporting income, deductions, losses, and gains.
  • S Corporations — Certain benefits inherent to S Corporations make them attractive to business owners running small- to medium-sized enterprises. Shareholders can elect to have taxes flow through the corporation to their personal returns to avoid double taxation.
  • C Corporations — This type of entity requires many formalities, including filing articles of incorporation. Shareholders invest in the company, limiting their liability to the investment and absolving them from any debts created by the company. C Corporations pay taxes on profits to the IRS, and shareholders are taxed on earnings from the corporation.
  • Limited Liability Company (LLC) — One of the most popular business types today, LLCs provide flexibility and limited liability for owners without the tax liability and formalities required by other corporate entities. The business owners draft articles of organization and create a member control agreement to govern business operations, membership interests, and profit and loss sharing.

 

The lawyers at Reppe Law advise business owners about careful planning and offer hands-on help with all business formation needs.


Gain Insightful Guidance from Experienced Attorneys

Take charge of your business planning and estate with effective, compassionate counsel. Contact Reppe Law online or call us at 507-645-5569 for a free initial consultation at our office. Our firm serves Dakota, Rice, Scott, and Goodhue counties.

We’re here to help! Simply call (507) 645-5569 to discuss your requirements.

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