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How to Start a Law Firm in Minnesota by Mind Map: How to Start a Law Firm in
Minnesota
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How to Start a Law Firm in Minnesota

Business Structure

File with Secretary of State

Options, Corporation / PC, LLC / PLLC, Limited Partnership

Minnesota Professional Firms Act, All firms must make an election

Assumed Name can be filed regardless of entity

Do not file with Secretary of State

Sole Proprietorship

Partnership

Considerations

Solo or not?

Taxes

Liability

Name

Search Secretary of State Business Records

Requirements of MPFA

Lawyers Professional Responsibility Board

For all firms (more than one member and/or filed with Secretary of State); not Sole Proprietors

First Filing

Banking

Checking Account

Interest on Lawyers Trust Account (IOLTA)

Approved Banks

Trust Account FAQ

Link to IOTLA accounting guides on practicelaw

Insurance

Professional Liability Insurance

Business Insurance

Other Considerations (all covered in depth elsewhere - see resources)

Office

Types of Offices, Traditional Office, Office Share, Virtual Office aka Office Presence, Home Office

Resources, Bench & Bar Classifieds, Minnesota Lawyer Classifieds, Craigslist

Connections

Networking, MSBA sections, County bar associations, Specialty bar associations, Law school alumni

Marketing, Business Cards, Announcements, Website and/or Blog, Link to blogging Jumpstart

Resources, Links to blogs on practicelaw

Ethics Rules, Link to Roy Ginsburg B&B article

General Resources

Carolyn Elefant, Solo by Choice

Jay Foonberg,

Minnesota CLE, How to Start Your Own Law Firm

Emergency Planning (Link to Karen Marty resource on pxlaw)

Technology

Printer

Scanner

Computer

Phone