The 2016 edition of “A Guide to Starting a Business in Minnesota” is now available from the Small Business Assistance Office at the Minnesota Department of Employment and Economic Development (DEED) in St. Paul. The popular guide, which is now in its 34th edition and free of charge, provides a concise summary of the major issues faced by anyone starting a business in Minnesota.
“To best prepare business owners for the constantly evolving entrepreneurial environment, we continually update and expand the guide’s content,” said DEED Commissioner Katie Clark Sieben. “The 34th edition is a comprehensive and timely approach to planning, forming and running a business. Business owners and entrepreneurs will find expanded sections on business entity choice, changes in employment law and unemployment regulation, financing and taxation in the new edition.”
The guide includes information on the newly revised Limited Liability Company Act, which changes Minnesota’s current corporation-based model to a partnership model found in about 38 other states. The new model provides flexibility in areas like the standards of conduct required of Limited Liability Company members, managers and governors.