• Personal Injury

    As personal Injury attorneys we work to get you fair compensation for your injuries. We care about you and your family and want to help make things right for you. 
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  • Business Law

    Helping your business grow and remain strong. We are business attorneys that provide you with focused legal advice you can depend on. 
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  • Family Law / Divorce

    Helping your family with divorce, estate planning an other family events. We are family law attorneys that provide you with focused legal advice you can depend on. 
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  • Probate

    You can help your family handle your estate by planning ahead. We are probate attorneys that provide you with focused legal advice you and your family can depend on. 
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  • Real Estate

    Are you buying or selling real estate with or without the assistance of a real estate agent? We are real estate attorneys experienced in protecting your interests in real estate transactions. 
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  • Estate Planning

    A good estate plan allows you to retain control of your of your assets in your later years. We are estate planning attorneys experienced in helping you maintain control of your assets. 
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Taking the fear and worry out of business related law.

Kraft Walser Law Office provides you with sound business law advice, explained in a way you can clearly understand. Our attorneys are friendly and work with you on a personal level. We get to know you, identify your needs and clearly explain your options.

Dealing with complex legal requirements, legal red tape, and litigation is much easier when you are working with the experienced and friendly staff of the Kraft Walser Law Office.

Successfully representing business owners just like you throughout Minnesota.

Whether you are a business start up or an established company, you will find that your legal team at Kraft Walser Law Office is ready to help you succeed. Our goal is to make sure every dollar you spend on legal fees strengthens your competitiveness in your market.

We have helped business owners just like you with the following:

  • Assisting with contracts and business operations.
  • Business litigation and collections.
  • Setting up a new business and deciding on the proper entity.
  • Resolving disputes with clients, employees or vendors.
  • Buying or selling a business.
  • General transfers of a business.
  • Reviewing loan documents.
  • Preparing stock purchase and redemption agreements.
  • Advising and preparing documentation on corporate restructuring, mergers, acquisitions, joint ventures and dissolution.
  • Reorganizing business due to a change in ownership interest or unforeseen debt problem.
  • Preparing or reviewing corporate minutes and by-laws.
  • Advising businesses on all aspects of legal issues encountered.

 

Assisting with Contracts and Business Operations

Business contracts are an every day tool used in business operations. They are intended to provide stringent guides on how a given task or transaction is to be completed protecting the interests of both parties involved. Your attorney will help you:

  • Interpret contracts and help you understand their content and implications before you sign them.
  • Create legally binding contracts for your use in business operations.

Business Litigation and Collections

Whether you are suing or being sued, you need a highly skilled attorney with experience. When being sued you want an attorney that will provide you with a strong defense. When you are suing others, you need an attorney who will aggressively pursue your lawsuit on your behalf. There are many situations that may require representation by Kraft Walser Law Office, here a few examples:

  • Breach of Contract
  • Debt Collection
  • Partner Disputes
  • Liability

Business Set Up & Entity Selection

Determining what business entity best suites your needs is a critical step in setting up your business. You may also have a need to change your business entity as a result of growth. Your attorney will help you evaluate each type of business entity and determine the correct selection for your situation. The following business entities are recognized in Minnesota.

  • Sole Proprietorship
  • Partnership
  • C corporation
  • S corporation
  • Limited Partnership
  • Limited Liability Partnership (LLP)
  • Limited Liability Company (LLC)

Dispute Resolution

When you have a dispute with a vendor, client or business partner you need to find a resolution. A dispute resolution is an alternative to going to court. This process can be used to settle any type of dispute.

As with anything, their are advantages and disadvantages. Your Kraft Walser Law Office attorney will help you determine if dispute resolution is a beneficial process for your situation and represent your interests.

Buying or Selling a Business

Selling your business is a major event, you have worked hard to build your business and need solid legal representation to protect your interests. You need to understand the process of selling your business in order to assure a smooth process. You will need to determine your selling price, negotiate and prepare a sales agreement and other documents that layout the terms of the sale, and finally close the transaction.

When purchasing a business you need to make sure you are paying a reasonable price, examine the business operations and books, have a clear understanding of what is transferred with the sale, and many other details. Once everything is discussed and agreed upon, the sales contract will need to be thoroughly examined to assure your rights and expectations are being represented.

General Transfers of a Business

At one time or another, you will need to transfer ownership of your business. This may be accomplished by an outright sale of the business, a gradual sale, lease agreement or transfer to a partner or family member. The type of business will affect what steps are required to accomplish the transfer of business and have tax implications that must be considered as well.

Reviewing Loan Documents

Expansion, need for operating capital or other reasons may require you to secure a loan for your business. It is always a good idea to allow your attorney to review your loan documents to make sure all the details are spelled out and correct. Your attorney will help you review the loan document allowing you to have a clear understanding of all the terms and conditions you are agreeing to abide by. 

Preparing Stock Purchase and Redemption Agreements

A redemption agreement is a plan for a corporation to redeem shares of a withdrawing stockholder. This typically occurs with the retirement, death or disability of the stockholder but there may be other circumstances that require stock redemption or purchases. Your attorney will advise you and represent your best interest throughout the stock purchase or redemption.

Corporate Restructuring, Mergers, Acquisitions, Joint Ventures and Dissolution.

As time passes changes in market conditions may spark growth for your business or perhaps on the negative side you may experience a loss of market share. There are many events your business may encounter that will require special handling, such as:

  • Corporate Restructuring
  • Mergers
  • Acquisitions
  • Joint Ventures
  • Dissolution 

Reorganizing Business Due to Change in Ownership or Debt Problem.

A change in ownership may require some restructuring. As the new owner you may recognize a need to increase or decrease payroll, re-negotiate contracts with vendors, or liquidate assets or perhaps purchase  or lease a new facility.

It is never easy to watch your business falter, debt problems may also force you to reorganize your business. You will need to ask yourself some difficult questions and make some tough decisions to create an effective reorganization plan. When facing debt problems you will need to determine where the problems are and how to best address each issue. You may need to contact vendors to arrange for payment plans. You may need to pursue collections on outstanding invoices, reduce payroll through layoffs, sell off equipment, land or other assets.

Corporate Minutes and By-laws.

Failure to prepare corporate minutes and by-laws can discredit the separate legal entity status of your corporation. This allows the IRS, plaintiffs, and creditors to sue you personally for debts and actions of your corporation. Short and sweet . . . they can go after your personal assets to resolve monetary disputes. Kraft Walser Law Office provides corporate minute and by-law preparation services to help you protect your corporation and personal assets.

Advising on all Aspects of Legal Issues

The attorneys of The Kraft Walser Law Office work in a team environment allowing you to receive competent and well thought out legal advice on all aspects of legal issues.

 

Kraft Walser Law Office has the experience to help guide you with all your business law questions and needs. Call Kraft Walser Law Office and let us get started working for you.

Olivia 320-523-1322 | Hutchinson 320-587-8150 | Stewartville 507-533-0325 | Cokato 320-286-2396