Frank Jermusek

Lawyer and Commercial Real Estate Professional

Frank Jermusek discovered his interest in law while in college at The University of St. Thomas in St. Paul. While studying Business at St. Thomas, Frank Jermusek was at the same time working for the Minnesota Investment Firm, Baker Investments. While his main work consisted of managing investments of the company, Frank began working on complex commercial transactions.

About Frank Jermusek

The Jermusek Law Firm, LLC

After studying law at William Mitchell, Frank Jermusek was hired immediately to work as an attorney at Leonard, Street and Deinard. In 2006, he founded his own law firm, The Jermusek Law Firm, LLC, which is based out of Minnesota.

The company is focused on providing sophisticated, creative, and practical solutions for clients dealing with real estate, business, and lending matters. Frank Jermusek has mainly focused his legal practice on business, real estate, lending, and golf/hospitality matters.

SVN | Northco

Working closely with his other Business, SVN | Northco, a real estate and investment firm also operating in the Minnesota area and Twin Cities, Frank Jermusek’s law firm will help individuals and companies across the greater Midwest handle legal work and strategies for real estate transactions, business transactions, and litigation for both.

In terms of real estate, Frank Jermusek’s firm will provide a practical solution to legal matters in purchase & sales, development & construction, debt & equity finance, leasing & property management, loan workouts & restructuring, commercial lending, 1031 Exchange, and, another speciality, Golf Course & Hospitality. In business, his firm will handle the legal work for business formation, contracts, mergers & acquisitions, and corporate finance.

In his work as a legal consultant and attorney at law, Frank Jermusek hopes to provide his clients with planning and preparation that will maximize the profit for their business or institution, and deliver the best possible results for that individual company or service.

Connect with Frank Jermusek

Picking Location in Commercial Real Estate

Picking Location in Commercial Real Estate

The first thing you hear when it comes to real estate is “location, location, location”! Well, there’s a reason why that saying is so heavily used, and that is because it is 100% true. The first thing on your mind when you decide to open up that family restaurant or clothing boutique should always be location.


If you’re preparing to open up a food or retail business with a storefront, putting your business in the proper location can be the single most important thing you do as a  startup. Of course, you’ll need a winning product or service, but how will anyone know what you’re even selling if you can’t get them to the door?


It is said in the brick-and-mortar retail world, the top three most important decisions you’ll make are location, location, and location. Careful deliberation over property sites is crucial for most retail and customer service businesses.  


The importance of demographics


This process can be as easy or as difficult as you make it. For example, there are sophisticated location analysis tools available that include traffic pattern information, demographic and lifestyle data, and competitive analyses. You can even use this tool specifically by asking questions like, “What does overall traffic in the area look like around 10 am?” or “Is there a need for my product in this targeted demographic?”


You should also be focusing your time checking neighborhood traffic generators, such as other retailers that draw people to the area, industrial or office parks, schools, colleges, and hospital complexes. Also, make sure to check the difference between highway and foot traffic.


Find out where your top competitors are located


Locate yourself as close to your biggest competitors as possible. Landing the perfect customer is crucial and in doing so you must be in close proximity to your competitors so you can benefit from their marketing efforts.


Your competitors have basically already done some of the work for you by choosing their location based on the ideal demographics of a particular area. They have also already devoted tons of marketing efforts and budgets to drive traffic to their locations.


Why spend your own money doing what they have already done?


Of course, it is still a good idea to make your own evaluations of a particular property, even if a competitor seems to be thriving in the area.


Seek professional advice
Even after you think you’ve found the perfect spot for your business you are not done yet. Next, you’ll need to negotiate a lease that works for you and your business. This is just as important as the location itself. Find a good lawyer who can negotiate your lease for you. Your attorney will help you look at the term of the lease, buildout allowance and the condition of the property.

Differences Between Asset Purchase and Stock Purchase

Differences Between Asset Purchase and Stock Purchase


There are many pros and cons when it comes to structuring a business sale as an asset sale or a stock sale. It is also complicated because the decision can affect the people involved and some can benefit from opposing structures while others do not. It is important to consult your attorney before deciding on a sale structure. Overall, buyers prefer asset sales, whereas sellers prefer stock sales. Below are the primary differences between asset sales and stock sales.


Since every business transaction is different, this article does not intend to provide legal or tax advice. Buyers and sellers should first, consult attorneys and accountants when considering a business sale structure.


The difference between an asset sale and a stock sale is that an asset sale is the purchase of individual assets and liabilities. A stock sale is the purchase of the owner’s shares, with “partnership units, or membership units.” Some primary concerns when negotiating the type of transaction are tax implications, potential liabilities “, and purchase/sale price allocations.”


Asset Sales take place when the seller keeps possessions of the legal entity. The buyer then purchases single assets of the company some including licenses, trade name, phone number, and equipment. Assets sales usually do not incorporate cash. The seller almost always “pays off at closing, or” retains the long-term debt obligations. Cash-free, debt-free transactions are when this is taking place. Also included in the sale is normalized networking and it includes inventory, accounts payable, accounts receivable, accrued expenses, and prepaid expenses. “Some of these items result in additional consideration at closing.”


Stock Sales take place when a buyer purchases the selling shareholders’ stock directly. This allows the buyer to obtain ownership in the seller’s legal entity. When comparing the actual assets and liabilities obtained in a stock sale, they tend to be similar to that of an asset sale. The assets and liabilities that the buyer does not want will be distributed or paid off prior to the sale. Stock sales do not require many separate conveyances of each single asset because the title of each asset is within the corporation, unlike an asset sale.