Forever Plus 3 Years | Southern Minnesota

Q: Can I throw my corporate papers away after 7 years? A: NO, NO NO!  Businesses that are C Corporations, S Corporations, Partnerships and LLCs have to keep their tax returns and supporting documents forever plus three years.  What?!  How can you keep it longer than forever?…Be buried with them?  All this means is that you […]

Starting A Business: Part 1 | Minnesota

Q:  I’m looking into starting a business—exactly what do I need to do? A:  First, what kind of an entity do you want to be?  A Sole Proprietor?  A Corporation?  A Partnership?  Are you going to have large expenses the first year so you want to deduct them?  Are you going to need to take out […]