322B

Many small and medium-sized business owners may not be aware, but as of January 1, 2018, Minnesota changed its laws governing various aspects of business operations for limited liability companies (LLCs) in Minnesota (formerly Chapter 322B, now 322C). The changes have been on the books for some time, and received some heightened coverage late last year, but many may still be unfamiliar with the new laws. Minnesota largely enacted the new system to bring the State more in line with the majority approach in the US. Depending on how your business is organized, this change may have either...