D. Scott Klemp
Partner | Attorney
Meet D. Scott Klemp
D. Scott Klemp is the Managing Partner of Klemp & Stanton, where he focuses his practice on business law, commercial transactions, and advising companies through complex and high-stakes decisions. With decades of experience representing business owners, entrepreneurs, and closely held companies, Scott serves as a trusted legal advisor from initial formation through growth, transition, and sale.
Business Transactions, Mergers & Acquisitions, and Commercial Agreements
Scott’s practice is centered on commercial transactions, including mergers and acquisitions, shareholder and buy-sell agreements, employment agreements, and a wide range of business contracts. He also maintains an active real estate practice and provides strategic guidance in matters where business and legal issues intersect, including select litigation support and business-related disputes.
Over the course of his career, Scott has worked with companies across a broad spectrum of industries, from service-based businesses to manufacturing firms, with a significant portion of his work involving closely held and family-owned businesses. He has extensive experience guiding clients through the sale of their businesses, where he helps navigate the legal, financial, and strategic complexities of M & A transactions.
Supporting Entrepreneurs, Startups, and Closely Held Businesses
Scott is especially known for his work with start-up and early-stage businesses. Having helped form hundreds, if not thousands, of companies, he enjoys working with entrepreneurs at the front end of their ventures, helping them build a strong legal foundation and position their businesses for long-term success.
A Practical, Client-Focused Approach
Clients and referral partners consistently value Scott’s responsiveness, practical approach, and ability to guide them through complex transactions in a clear and understandable way. He recognizes that many business owners, particularly those selling a company for the first time, are navigating unfamiliar and often overwhelming processes. Scott takes a hands-on approach to preparing clients for what to expect, setting realistic expectations, and breaking down complex legal concepts so they can make informed decisions with confidence.
Known for his straightforward communication style, Scott provides candid, practical advice and remains accessible throughout every stage of a matter. His ability to keep deals moving forward, often under tight timelines, has made him a trusted partner for business owners, business brokers, and other professionals involved in transactions.
Background and Personal Interests
Scott was inspired to pursue a legal career at an early age after observing the role of a business attorney in his family’s business. That early exposure, combined with his interest in working with people and solving problems, continues to shape his approach to practicing law today.
Outside of the office, Scott enjoys spending time with family and friends, as well as golfing, biking, and staying active. He also enjoys pickleball, bocce ball, and attending hockey games.
Education
Mitchell Hamline School of Law
Juris Doctor
Hamline University
B.A., Legal Studies
Bar Admissions
- Minnesota
- U.S. District Court for the District of Minnesota
Associations & Memberships
- Minnesota State Bar Association
- Dakota County Bar Association
News + Insights
How Is Property Divided in a Minnesota Divorce?
Most people assume everything is split 50/50 in a divorce. It’s not that simple. That’s the expectation going in — and in some cases, it’s close to what happens. But Minnesota law doesn’t require an equal division of property during a divorce. It requires a division...
What Is a Real Estate Purchase Agreement?
When you’re buying or selling property, the purchase agreement is often treated like a formality — something to sign once the price is agreed on. It’s not. The purchase agreement is the document that defines the entire real estate transaction. It outlines what’s...
What Minnesota Employers Are Still Getting Wrong About Non-Compete Agreements
Non-competes are mostly gone in Minnesota. That doesn’t mean the problem is. Minnesota changed the law in 2023, and for most employers, non-compete agreements are no longer enforceable. That part is clear. What’s less clear — and what we’re still seeing — is how...
What Happens If You Die Without a Will in Minnesota?
Most people know they should have a will. Far fewer understand what actually happens if they don’t. If you die without a will in Minnesota, you are considered to have died “intestate.” That means state law — not you — determines who receives your assets, who manages...
Business Contract Checklist: Key Terms to Include and Common Mistakes to Avoid
Most business owners sign contracts all the time — with customers, vendors, partners, and employees. But very few take the time to understand what those contracts actually say or what happens if something goes wrong. A contract is more than a formality. It defines...