May
18
Minneapolis
LIGHTCLOUD
70°
How to riff on your business
DIGITAL EDITION
SBA Loans
Owners benefit as banks compete for business. See page 20 of this edition of Upsize online
UPSIZE ONLINE – THE GROWTH GUIDE
Uncommon Sense
'Keep it simple' is goal one for Highland Electric's boss. This and much more in the annual online edition.
AUDIO FOR ENTREPRENEURS
Can't get a bank loan?
There are other options to consider, says Brian Van Nevel in this Upsize Podcast.
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How to Upsize
Bryan Feldhaus <br>LOMMEN ABDOStacey DeKalb <br>LOMMEN ABDO An employee who is discharged due to social networking posts may have various state law claims, including a claim for invasion of privacy. Typically, information on a website is not private because the public at large can access it - - unless the user controls access by invitation, such as Facebook. If the employee can restrict access to the public, he or she may have a reasonable expectation of privacy and, therefore, claim an invasion of privacy if the employer discharges that employee based on private online communications. Companies should strive to define the line where business use - - and personal use - - of social networking sites begins and ends so that employees clearly understand what is private and what is not. Create a policy that lets everyone know what is private and what is not. Continue Reading →
Tom Dougherty <br>LOMMEN ABDO Early on shareholders are often ebullient about business prospects and their ability to always reach agreement. Personal or economic stress can dampen that spirit. Areas of contention include unequal compensation, added capital contributions, debt guarantees, vacation days taken, whether a position on the board is guaranteed. Business divorces, like other divorces, can be expensive and acrimonious. Mitigate risks by documenting your agreements in the form of a shareholder control agreement. Continue Reading →
E-Tools
Consider using a tenant rep for next space search
There are often hidden costs involved with a new lease. Any initial quote provided by a landlord covers rent per square foot. But it may not include additional costs, such as taxes, utilities, operating expenses, and the responsibility for mundane chores, such as light bulb replacements and daily maintenance. When you factor in these side charges, the cost differential can run into hundreds of dollars. A tenant rep can make sure you’re aware of all such charges.
Use your banker for more than money
Because of the vast number of available resources such as special city or government loan programs, technical assistance providers and specific contacts for various services, a business owner can’t know it all. Rely on your banker for this type of reference.

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