Business Law · Fargo, ND
Everything your business needs, under one roof
Whether you're just forming an entity or navigating a sale, we handle the legal side so you can focus on running the business.
What we do
Legal support for every stage of your business
Entity Formation
Start your business on solid legal ground.
- LLC formation (single-member and multi-member)
- Corporation formation (S-corps and C-corps)
- Partnership and joint venture formation
- Entity selection guidance
- EIN and basic state filing guidance
Agreements & Governance
The agreements and records that keep ownership clear and decisions clean.
- Operating and partnership agreements
- Shareholder and buy-sell agreements
- Corporate bylaws and resolutions
- Meeting minutes and record-keeping
- Outside general counsel
Compliance & Good Standing
Keeping your entity active, compliant, and in good standing year after year.
- Annual reports and compliance filings
- Reinstatements for dissolved or inactive entities
- Registered agent services
- Business licensing and permits guidance
- Keeping entities in good standing
Business Transactions
Guiding you through buying, selling, and restructuring a business.
- Acquisitions and asset purchases
- Asset and stock purchase agreements
- Business sales and dispositions
- Mergers and entity conversions
- Deal structuring and due diligence
How it works
From idea to established business
Choose the right entity
We look at your goals, owners, growth plans, and tax picture to recommend the right structure.
Form it properly
We prepare and file your formation documents and guide you through your EIN and state filings.
Set the ground rules
Operating agreements or bylaws spell out ownership, decision-making, and what happens if someone leaves.
Stay in good standing
Annual reports, registered agent service, and ongoing counsel keep your business protected as it grows.
FAQs
Common questions
Answers to what business owners ask most. Have a question that isn’t answered here?
Ask us directlyWhat type of entity should I get?
The right entity depends on your goals, number of owners, growth plans, and tax situation. Many small businesses start with an LLC for flexibility, but it all depends on your situation.
Do I really need an LLC, or can I just operate under my own name?
You can operate under your own name as a sole proprietor, but you and the business are legally the same, so business debts and lawsuits can reach your personal assets. An LLC creates a separate legal entity that can help shield your personal property if run properly.
What should I do after my LLC or corporation is formed (bank account, EIN, minutes, etc.)?
After formation, you should obtain an EIN, open a separate business bank account, adopt an operating agreement or bylaws, and document key decisions in written resolutions or minutes. You also need to track annual report deadlines and any required licenses so the entity stays in good standing.
What is a registered agent, and do I need one?
A registered agent is the person or company designated to receive legal papers and official notices for your business. Most states require every LLC and corporation to have a registered agent with a physical address in that state.
What is an operating agreement or bylaws, and why are they important?
An operating agreement (for an LLC) or bylaws (for a corporation) set the rules for how the business is owned and managed—who makes decisions, how profits are shared, and what happens if someone leaves. Even for single‑owner businesses, these documents help avoid disputes, support liability protection, and are often requested by banks and investors.
Get in touch
Ready to build on solid ground?
Reach out to talk through your situation and your options.
- Phone(701) 353-5220
- Emailjosh.krank@kranklaw.com
- Office300 NP Ave, Suite 108, Fargo, ND 58102
The information on this page is general in nature and is not legal advice. Contacting Krank Law does not create an attorney–client relationship.