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  • Business & Corporate Law

    The Minnesota Revised LLC Act

    Business & Corporate Law
    The Who, When, and What of Ensuring Your Company is Compliant

    In April 2014, Minnesota joined several other states in adopting a version of the Uniform Revised Limited Liability Company Act (the “Revised Act”).  The Revised Act, although not fundamentally altering the nature of Minnesota LLCs, represents a substantial overhaul to the contractual arrangements, governance, and standards of conduct for Minnesota LLCs.  For this reason, Minnesota business owners should take note and revisit their LLC’s core legal documents to avoid any potential pitfalls and traps for...

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