MN LLC’s Governed by New Law

Effective January 1, 2018

Minnesota enacted the Revised Uniform Limited Liability Act effective August 1, 2015. RULLCA  governed domestic and foreign LLCs formed or registered in Minnesota on or after the above date. Domestic and foreign LLCs registered before that date are governed by the old law until January 1, 2018. The old law is repealed effective January 1, 2018 at which time the new law will govern all LLCs.  This change is mandated by state law and requires no action by the LLC.

The SOS provides information on the upcoming change at http://www.sos.state.mn.us/business-liens/business-help/upcoming-llc-law-change/

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