Yep. Before explaining how this happens, a little background information is needed. Every state has an office charged with registering businesses that wish to do business in the state. In Minnesota, that office is called the Secretary of State’s office (hereafter SOS) and registering businesses is one of many tasks it undertakes. The SOS will not permit a company to be formed that has the exact same name as an already registered company, and other rules apply in choosing a name. Once the name is registered, it is yours to use – doing business in Minnesota. It is not reserved for your use beyond the borders of the state. There is a common misconception that forming an entity at the state level somehow reserves..
Corporate & Business law
The Minnesota legislature has adopted a new statute governing limited liability companies, Minnesota Statutes Chapter 322C. On January 1, 2018, all 322B LLC’s will be automatically converted to 322C LLC’s. This conversion could result in significant inconsistencies in the LLC governing documents which could cause problems in the future. Therefore, we are advising all 322B LLC’s to amend their Articles of Organization and adopt Operating Agreements which would avoid any inconsistencies. If you would like more information, call Dan Ganter at 763-783-5127.
The story I’m about to tell you is true. There I was, on a beautiful sunny day in 1983 driving through the Notre Dame student parking lot in my father’s beautiful sky blue 1969 Corvair convertible. What an understandably excellent mood I was in! And then…. Not. That great day was destroyed in an instant by a horrible crash and heavy scraping noise. I didn’t know what had happened, but I was fairly sure it wasn’t good, so I stopped the car, shut off the engine, and walked to the back (from whence the horrible noise had come). And there I saw it – the unexpected sight of the car engine ON THE GROUND!!! I had no plan in place for this sort of disaster..
As a Wisconsin to Minnesota transplant over 30 years ago, I am periodically reminded of how unique Wisconsin and its citizens really are when viewed from outside its borders. One of my law partners recently told me her Scottish husband was in Louisiana, and a local there, on hearing his accent, asked if he was from Wisconsin. Yesterday my mom and dad were eating lunch in the grocery store deli area in Wausau Wisconsin when a group of school kids arrived with their teachers. Obviously a field trip, the teachers ushered the kids toward the fruit section to explain the different fruits and vegetables. In the course of the discussion it was apparent that the kids were drifting off to look at the fresh donut..
On February 16, 2017, BGS Attorney Carole Clark Isakson spoke to collection professionals at a program sponsored for various industry members by Forius NACM North Central. Forius is a proud affiliate of the National Association of Credit Management, and is dedicated to serving the needs of commercial credit professionals. When asked about Carole’s presentations for Forius, President and COO Toni Nuernberg said, “Carole always brings a wealth of information to our members. After her most recent presentation, I asked members for feedback. They said Carole provides relevant information that is easy to understand and somehow manages to make what could be a “boring topic” come to life. Our members love her!” It was not a long seminar but Carole managed to cover all of the..