Starting a Business

Photo - Starting a BusinessStarting a business in Minnesota is not a single decision but a series of them, each one an important step on the road to a successful launch.

Here we help you tackle the most common questions in the order you’re most likely to need answers.

These guidelines provide a roadmap to the world of business and the basic sense of direction you'll need before you begin. They are not a substitute for the advice of an attorney, accountant and other business professionals.

Organizing Your Business

Choosing how your business will be structured is one of the first and most fundamental decisions that you will make. Here are some basics to consider.

Legal and Regulatory

Business regulations protect consumers, people involved in business transactions, public resources, specific industries and your business interests.

Protecting Intellectual Property

Get to know four basic types of intellectual property: patent, trademark, copyright and trade secret. Then explore important IP protection issues.

Business Planning

A written business plan makes you more attractive to lenders, helps you make sound managerial decisions, and positions your company for growth.

Accounting

Accounting systems may vary but they share the same purpose: to help you, your creditors, lenders and investors to make sound business decisions.

Insurance

Wind. Rain. Fire. Flood. Employees. Theft. Liability. All pose potentially costly risks. The right insurance can keep you in business when bad things happen.

Basics for Employers

Whether at startup or later as your business grows, there are many issues to consider before you hire workers and become an employer.

Taxes

Taxes are the only constant in business. It’s imperative that you know who, what, where, when, why and how to pay. And do it on time.

Train Workers

Our training grants are used to offset training-related expenses incurred by business and industry to meet current and future workforce needs.