Consumer debt is so prevalent in American society that most people just accept it as a fact of life. You make monthly payments on home mortgages, student loans, car loans, and credit card debt and look forward to the day when you can finally pay off one of the debts. […]

People have always told you that you have a great mind for business, but what do they mean by that? Do they mean that you carefully weigh risks and opportunity costs before you decide to commit money for a project? Do they mean that you are unusually observant about people’s […]

As a small business owner, you have probably developed a number of time-saving strategies.  Using standard forms of documents, such as invoice templates and form letters, has probably allowed your business to accomplish a lot in a limited amount of time. Contracts, however, are too important to assign to a […]

The nature of business is changing rapidly in the United States. While owning one’s own business or being one’s own boss may still be a big part of the American dream, businesses take many forms. A recent article by Rachel Paige King describes how career advice books released over the […]

There is a whole industry of offering services to small businesses. If you do an online search for almost any question related to your business, you will find advertisements for products and services marketed to small business owners. From accounting software to productivity apps to executive life coaching, it is […]

The first decision you have to make when you establish a business, whether in North Dakota or in any other state, is to choose a business structure. When you read the definitions of the business structures, it seems simple, but each business structure has its own fairly complex set of […]

The North Dakota Supreme Court recently issued an opinion that clarifies the rules for contractors about when they need to obtain a contractor’s license and the risks they face if they are not properly licensed. Importantly, the decision makes clear that a contractor is not entitled to recover for services […]

It is possible, at least in theory, to learn to do almost anything just by finding the instructions online or watching a tutorial on YouTube. Type “how to” into a Google search, and you will find instructions on everything from how to tie a tie to how to learn a […]

For blacksmiths, machinists, farm equipment dealers, construction equipment dealers, welders, garage keepers, mechanics, or aviation operators with an established place of business in North Dakota who have not received sufficient payment after providing services, there are few options that are as effective as a repairman’s lien, which allows a party […]

Trade secrets are the ins and outs of a company’s operations that those companies have the right to keep as their private intellectual property. In many cases, employers have spent a large amount of money in hiring, training, and retaining employees. When employees transfer to another employer, there is a […]