The Sioux Falls region is rich in farmland, making it an ideal location for farmers and their families. Whether you are new to farming or come from a long line of farmers, you probably realize how much the industry has changed over the decades. At one time, farmers...
Should I form a limited liability company?
When starting a new business in South Dakota, one thing to consider is the type of legal entity you want your company to be. One option is to set up a limited liability company (LLC). Here are some of the advantages: Protection: As the name suggests, it limits your...
Avoid these mistakes when starting a business
If you have spent time in bars, you have probably heard someone tell how they could have been rich by now, if only things were different. They proceed to explain how they had this great idea for a business that never came to fruition. Now they sit here at the bar,...
The importance of well-written business contracts
Contracts are an essential part of business life. However much you trust someone, business is business, and you need to ensure you understand anything you sign and that the contract protects your interests. These are some key characteristics of a good business...
Is it time to incorporate the family farm?
Maybe your family has been farming the land for generations. Maybe your farm is your passion project, rising out of your belief that it’s time for people to get back to the basics. Either way, you never really thought about incorporating before. Is it time? Maybe....
Family Medical Leave in South Dakota
If you run your company like a tight ship, you are banking on having your employees available when you need them. When one of them comes up and asks for time off, it is understandable if you want to say no. However, legally, you may be obliged to say yes. The Family...
Things to check when considering a merger or acquisition
When you were a child, your parents had to tell you to do your homework continually. Now that you own a business, the importance of doing your homework is more apparent. Only in business-speak, it is called due diligence. If you are thinking of merging with another...
USDA encourages new farmers to hope and reach out
Whatever some Americans imagine, the evidence is clear that farming is not a vanishing way of life. To many, this is a fine time to get into the farming business, and the USDA offers critical resources in taking the first step. Forbes Magazine says farming is alive...
How can you make a commercial lease more favorable to you?
As a business owner or manager looking for new facilities, you have a lot of considerations that will influence your final decision. The zoning of the area, the facilities available at particular properties and the terms of the lease offered will all influence the...
Implementing an employment contract to encourage accountability
Because committed and loyal employees are the heart and soul of all successful businesses in South Dakota, it is critical that business leaders understand which tactics are most effective in recruiting, training and retaining top talent. The retention piece can be...
