October 11, 2017

Minnesota Revised Uniform Limited Liability Company Act Makes Significant Changes to Minnesota LLC Law

On January 1, 2018, Minnesota’s new LLC act, named Minnesota Revised Uniform Limited Liability Company Act (the “new LLC act”) will automatically govern all Minnesota LLCs, […]
December 15, 2015

Year-End Business Checklist

The end of the year is a busy time and businesses should be mindful to not overlook some important to dos: Keep Your Business in Good Standing You invested the time and expense of incorporating your company to benefit from the corporate structure, so keep your business in good standing. Make sure to file any necessary statements of information or annual business renewals with the Secretary of State in the state in which you incorporated and states in which you have qualified to do business.
October 14, 2015

2015 Minnesota Closely Held Business Conference

Ellie Vilendrer participated as a planning committee member of the 2015 Minnesota Closely Held Business Conference. The conference will take place on Tuesday, October 27th, 2015. The all-day conference will feature a complete update including how to advise your current LLC clients and draft an operating agreement under the new LLC statute, new fundraising opportunities under MNvest, cybersecurity planning and preparedness, addressing issues and risks that arise when conducting business online, and more. Attendees will be able to choose from among 19 small-group choices on topics every lawyer should know:
March 13, 2015

An Introduction to Business Taxes

For any business, taxes are an important component of operation. They make up a complex world which must be managed with stringent detail.
February 23, 2015

Registering an Assumed Name

In Minnesota, any individual or partnership which conducts or transacts business under a name that is different from the full, true name of each business owner must register this name with the Secretary of State.
February 23, 2015

Starting a Business in Minnesota, Choosing a Form to Maximize Value

Choosing the organizational form a business will take is a fundamental decision for every entrepreneur. Choosing the right entity can empower the business to yield returns to the owners, offer liability protection, and run efficiently at the highest capacity.
September 4, 2014

Introducing Minnesota’s New Public Benefit Corporation

As of January 1, 2015, Minnesotans will be able to form public benefit corporations — which allow more flexible uses of profits than just dividends to shareholders. Currently, 27 states, including Delaware, allow such entities. A “Benefit” corporation is a for-profit business that has an additional purpose to create a material positive impact on society and/or the environment. The business must report how it creates a social benefit.