PFB Law, Professional Association - St. Paul Business Law And Estate Planning Lawyer" class="brand-image"/>
St. Paul: 651-968-1022
Toll Free: 866-561-3419
Practice Areas

Saint Paul Estate Planning Law Blog

Guidance when investing your money in commercial real estate

In our blog, we discuss many different kinds of business and real estate matters to help entrepreneurs create a solid commercial enterprise. As such, we understand that investing one's available funds is often a business all by itself. Investing in commercial real estate is a great way to earn money and to build security for your future, but it is certainly not without risk.

Those who wish to start investing in Minnesota-based commercial property will benefit from strong legal guidance. Discussing your goals and your finances with an attorney is an excellent way to get started when it comes to investing. The following list contains several examples of commercial real estate that offers good income potential for investors.

Find the right investors for your new business

Recently in our blog, we featured a post discussing how to acquire venture capital for new Minnesota businesses. We wanted to take this opportunity to talk further on this subject, particularly on how you can make certain you find the right investor or investors for a startup. As you may already know, this is a critical step for those in the midst of business formation and planning.

It may not seem difficult to find investors. You simply look for those with funds and the desire to invest those funds, right? Not really. It is actually much more complicated than that. For one thing, potential investors are not very likely to hand over money without some form of persuasion. Secondly, potential investors are more likely to put their money into projects that they understand.

Why are new home prices in Minnesota so high?

It's pricey to build a home these days if you live in Minnesota. It's also pricey to purchase one that's recently been built. While the real estate market on older homes is still fairly kind toward buyers, the cost of new homes has gotten increasingly higher for builders and buyers alike.

What's going on? Several things, actually -- and Minnesota isn't the only state seeing this problem. The median price for a new home has risen to $320,000 -- more than twice what a new home cost in 1970 even when adjusted for inflation. Unfortunately, that's exceeding the reach of many in this state because wages haven't risen equally.

How can new startups acquire venture capital to get started?

All successful Minnesota business ventures start with a great idea. Some people may have enough money to fund the expenses involved in business formation and planning. However, it is safe to say that most people do not possess enough money to get a business started. These entrepreneurs will likely need investors and assistance as they plan and develop a successful startup company.

Venture capital is the money that people use to invest in a new startup with good earnings potential. By putting their funds into your business, investors have the potential to earn a lot of money if your business succeeds.

Business and commercial law: Interviewing job candidates legally

There exist an untold number of potentially catastrophic missteps business owners can make. Looking at them one at a time is a great way to understand these mistakes and take the proper steps to avoid them altogether. One often-overlooked area of concern is properly choosing candidates for employment in your business.

In the field of business and commercial law, failing to protect the rights of potential and existing employees can get you into legal trouble. Your duty to protect a job candidate's rights starts with the interview process. To ensure that you remain in compliance with current business and commercial laws, it is critical to avoid the following topics in your candidate interviews.

  • Age: Stay away from topics about the age of your candidates. Instead, ask if the candidate is at least 18 years of age for the purposes of employment.
  • National origin: Just about the only thing you need to know is whether or not your candidate is able to work in America legally. However, it is acceptable to ask about language fluency as long as it relates to job performance.
  • Race: Never ask your candidates about their race or their "color" as these types of questions are not legal.
  • Religion: Go no further than asking your candidates if they are able to work on weekends, which may be a problem with some religions.
  • Gender: It is wise to forego any questions or topics related to a candidate's gender during your interviews.

A brief look at common commercial real estate disputes

Whether it is your first or your fiftieth foray into the world of commercial real estate transactions, an unforeseen dispute could derail all of your efforts. Even those with decades of experience making commercial real estate transactions have found themselves foundering when a dispute occurs. As you might imagine, those without experience buying and selling commercial property often experience the most disputes.

To increase your education about these issues, we have provided a short list of common real estate transaction disputes in the section below.

  • Breach of contract
  • Zoning and regulatory issues
  • Conflicts with brokers and/or agents
  • Fraud or nondisclosure
  • Predatory lending practices
  • Evictions and foreclosures
  • Distressed real estate
  • Failed real estate transactions
  • Construction defect disputes
  • Issues involving access and easements

What are the pros and cons of a limited liability company?

An important task associated with business formation and planning in Minnesota involves choosing the proper legal structure for your startup. Options to choose from include sole proprietorship, partnership, nonprofit, corporation and limited liability company. As is the case with most business decisions, each of these options has unique advantages and disadvantages.

In the end, it is up to you to research your choices, compare each option with your business needs and make an informed decision. To give you a head start on your decision, this post offers several of the pros and cons associated with choosing a limited liability company (LLC). You can acquire more information as well as professional legal guidance by discussing these decisions with a business attorney.

What are the different mortgage options in Minnesota?

Purchasing a home is a very complicated and stressful undertaking. The decisions you make during this process will play a role in your life for years to come. As you might expect, this makes it critical to understand the different mortgage options available to you.

Over the years, our real estate law attorneys have accrued much knowledge about mortgages in Minnesota. We like to pass this knowledge on to our neighbors in the Ramsey area in order to help you make sound decisions when purchasing a home. The three main mortgage options include:

When making a purchase offer, what are some mistakes to avoid?

Real estate transactions come with an overabundance of pitfalls for inexperienced and even seasoned buyers. Even the smallest mistake could cost buyers many thousands of dollars. However, knowledge combined with patience can help buyers in Minnesota overcome the pitfalls and avoid costly mistakes.

Making the initial offer is one of the most frightening aspects of real estate transactions and it is where most inexperienced buyers make the biggest errors. The following section includes four mistakes to avoid when making your offer.

Are there any benefits to leasing commercial real estate?

Each day, entrepreneurs and business owners based in Minnesota must make many decisions. Some of these are routine and do not require deep consideration. Others are far more important with many thousands of dollars or more at stake. Acquiring commercial real estate is one such decision that can impact your bottom line.

Under the practiced guidance of a business law attorney, you can make decisions regarding the acquisition of commercial real estate with confidence. Your lawyer can offer sound advice about many aspects of the transaction including:

  • The potential return on your investment
  • City, state and federal regulations affecting the property
  • Zoning laws that may present obstacles