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September 2014 Archives

Minnesota has new limited liability company requirements

Many businesses in Minnesota elect to form a limited liability company because it allows pass-through taxation with the limited liability that is associated with corporations. An LLC is not a separate tax entity like a corporation. Its owners pay the business taxes, accordingly.

Minnesota firms engaged in China seed dispute

Legal battles over Minnesota agricultural products are not confined to issues in the state or even this country. Business litigation between two Minnesota firms involve China's refusal to accept a firm's shipment of corn grown with genetically modified seed.

What are the requirements for forming a corporation?

A Minnesota corporation is a separate, legal entity that is established with many rights and responsibilities. A corporation requires many steps in its creation. Different corporations, such as a non-profit entity, may require additional procedures. However, there are several steps that are generally applicable for incorporation.

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Dunlap & Seeger, P.A.
30 3rd Street SE
Rochester, MN 55904

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