Fafinski Mark & Johnson of Eden Prairie is offering a special for new businesses in 2017.
The law firm will charge only $17.17 plus out-of-pocket expenses to help new businesses incorporate and otherwise get legal. That’s far less than even the do-it-yourself online legal filing sites such as LegalZoom or Swyft Filings.
The Fafinski firm acknowledges this is also a loss-leader way to meet prospective clients who will pay a lot more downstream.
Bob Fafinksi, a founder of the 17-year-old firm, said he also wants to help more fledgling businesses get established. And firm partners said they want to do what they can to further Minnesota’s No.1 ranking by Kauffman Foundation of the state’s 51 percent five-year survival rate of small businesses.
“Obviously we would like to bring in some new clients that will lead to long-term relationships, but we’re really hoping to help Minnesota businesses grow and thrive by helping clients form business entities correctly,” said founder Fafinski. “It’s our relationships with small businesses that are really unique because ‘FMJ’ is a small business.
“As an entrepreneur, I’ve experienced many of the same stresses as clients. Their concerns and issues are similar to mine. At times, entrepreneurs that form their own business entities make mistakes or overlook important decisions that can end up costing them a lot of money in the long run.”