Signed by Governor Mark Dayton, and effective August 1, House Bill 385 makes changes to the Business Corporation Act, Limited Liability Company Act, and Revised Uniform LLC Act regarding conversions. The revision will affect all LLCs organized on or after
Minnesota – Public Benefit Corporations
Public benefit corporations (PBCs) may file in Minnesota effective January 2. Businesses incorporating as a PBC pledge to pursue general or specific public benefits among their primary objectives. The new law (Minnesota Statutes 304A) allows for more flexible uses for
Minnesota – Pre-filing Document Review and Conversion
Pre-filing Beginning August 1, the Office of Secretary of State will, for a fee of $250, conduct a review of business entity documents prior to filing. The documents will typically be reviewed in advance of complex transactions to assure filing
Minnesota – New Business Filings on the Rise
Business filings are already on the rise this year, as reported by the Minnesota Secretary of State. So far this year, 21,294 new businesses have been registered. The Secretary’s office is expecting to exceed the previous record of 63,338 new
Minnesota – Business is Growing
The Minnesota Secretary of State Mark Ritchie announced that business filings are up by 4.4% in Minnesota. Filings for 2012 were the second highest in the state’s history. Secretary Ritchie commented that these numbers show a confidence in the state’s
Minnesota – Business filings up 18%
In 2012, the number of new businesses filed with the Minnesota Office of the Secretary of State hit a high of 60,827. The state reports that this is an 18% increase over 2011 filings. This increase in business filings has
Minnesota – Legal Newspaper Application Filing Period Began Sept.
The 2013 legal newspaper applications were mailed to approximately 350 newspapers in August. Applications for Legal Newspapers must be filed before December 31, 2012 for a newspaper to qualify as a legal newspaper for the entire 2013 calendar year. Applications
Minnesota – NASS Launches National Business Identity Theft Resource
National Association of Secretaries of State (NASS) Launches National Business Identity Theft Resource Website St. Paul, Minn.-April 12, 2012-Secretary of State Mark Ritchie announced today that in their effort to help business owners protect themselves from business identity theft, the