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Zealously Protecting Your Rights And The Future Of Your Business
Whether you are a shareholder in a closely-held corporation, one half of a partnership, or a member of a limited liability company, you and your business partners owe each other a lot. You are supposed to put the business’s interests before your own. You are supposed to be loyal. You are supposed to act in good faith. Likewise, your fellow…
The changes shared in part one and two of our three part series are certainly significant, but there are other changes coming with the New Act. In our third and final blog post to wrap up this series, we address six other points of interest that will impact LLCs throughout Minnesota. What else does the New Act change about LLCs?…
Part one of our series introduced the New Act that has a direct impact on all LLCs in Minnesota. While derivative claims are a large part of this New Act, that’s not all that will change beginning August 1. Dissenter’s rights are uniquely affected by the law and can be a good thing or a bad thing for your company,…
Coming this summer to a business near you, you will see a brand new limited liability company organized under Minnesota law. After August 1, 2015, all LLCs in Minnesota will be organized under the newly enacted Minnesota Statutes, Chapter 322C a/k/a the Minnesota Revised Uniform Limited Liability Company Act (the acronym is obnoxiously long so we’ll just call it the…