Minneapolis Franchise Lawyers
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Legal Services Offered by Our On-Demand Minneapolis Franchise Attorneys
The Minneapolis franchise attorneys & lawyers on UpCounsel are dedicated to helping franchise businesses find and connect with vetted and top-rated Minneapolis franchise attorneys & lawyers that provide a range of franchise law services for startups to larger franchises in the city of Minneapolis, MN. Any of the Minneapolis franchise lawyers you connect with will be available to help with a variety of your franchise legal needs on-demand or on an ongoing basis.
From primarily dealing with things like developing franchise business programs, structuring distribution agreements, and negotiating franchise agreements, the Minneapolis franchise lawyers on UpCounsel can help you with a variety of specialized and general franchise law related legal matters, such as franchise-related lawsuits involving enforcement, compliance, and non-renewal. No matter what type of franchise law needs you have, you can easily hire an experienced Minneapolis franchise attorney on UpCounsel to help you today.
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- 4 min read
What Is Participating Preferred Stock?
Participating Preferred Stock is a security that gives venture capitalists a return on investment before the rest of the stock holders get their share earnings. It is often used in angel investment schemes when the investor wants a sure and quick return on their investment on top of their company share in the venture. Unlike common stock, the equity of participating preferred stock comes first.
Why Is Participating Preferred Stock Important?
This stock option is important for venture capitalists because it lowers their investment risks in startups and company expansions. It also protects them if a company goes through liquidation and cannot pay all the investors. Those holding participating preferred stock will enjoy preference and get paid even if other investors or lenders do not.
There are different types of participating preferred stock, and in some cases the company caps the guaranteed amount at
- 7 min read
What is a Right of First Refusal?
A right of first refusal, also called an ROFR, a first right of refusal, or a last look provision, gives a person or company the opportunity to start a business transaction before anyone else can. It could provide the first chance to buy stocks or real estate at the same price and terms as another offer. If the holder of the right of first refusal declines, the owner of the asset can sell it to whomever they want.
There's even an ROFR in many child custody agreements. It requires that one parent offer the other parent the chance to watch the kids before using a family member or outside child care.
A Right of First Offer: What is it?
A right of first offer or ROFO requires owners to tell the holder first when they plan to sell an asset. Then the holder of the ROFO has the right to make the first offer on the business, stocks, or property. The seller can accept or reject the offer, speak to other buyers,
- 3 min read
What Does a Limited Partnership Mean?
A limited partnership (LP) is formed when at least two individuals decide to create a business together. Unlike other partnerships, there must be at least one limited partner and one general partner in the business relationship.
Importantly, the "general partner" has unlimited liability for the company's debt and obligations.
There can be any number of "limited partners" who don't share managerial roles, but their liability is limited to the total amount of liability invested in the company. "Limited Partners" are also called "silent partners" since they can invest in the company, but they have no voting power, do not receive dividends, nor have control of the da
- 2 min read
A Guide on How to Check Company Name Availability
Before establishing and developing your business, it is wise to check if your company name is available. Being forced to change your company name after you’ve already established a customer base can cause confusion, plus you could face a lawsuit if your name is too similar to a business in the same industry.
Luckily, checking the availability of a company name is a simple process.
- 9 min read
What is Blue Sky Law?
Blue sky law is an individual state law designed to protect investors from securities fraud. The laws vary by state, but they all ensure licensing of brokerage firms, individual stockbrokers, and their offerings. Public mergers are also required to comply with the applicable blue sky laws.
The name is believed to come from a mention in the United States Supreme Court decision, Hall v. Geiger-Jones Co., 242 U.S. 539 (1917). This case dealt with the constitutionality of state security regulations.
Blue sky laws developed in the years leading up to the Great Depression. This was due to the influx of fraudulent money schemes promising high returns. These included foreign country investments and oil fields. Companies offered enticing investment opportunities with very little legitimate backing in an attempt to make fast money from unsuspecting o