Sections 302A.471 and 302A.473 of Minnesota Business Corporation Act
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How to fill out Sections 302A.471 And 302A.473 Of Minnesota Business Corporation Act?
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FAQ
Minnesota requires that different articles be filed, based on whether the LLC accepted or did not accept contributions. If your LLC accepted contributions, you must first file a notice of dissolution with the Secretary of State by mail or in person. This is followed by filing an articles of termination form.
Under 322C, the ability of a member, or anyone else, to act as an agent of the LLC is to be addressed, if at all, in an operating agreement. An LLC may file statements of authority with the Office of Minnesota Secretary of State (similar to those filed by partnerships) with respect to non-members.
Choose a Corporate Name. Prepare and File Articles of Incorporation. Appoint a Registered Agent. Set Up a Corporate Records Book. Prepare Corporate Bylaws. Appoint Initial Corporate Directors. Hold Your First Board of Directors Meeting. Issue Stock.
Citation Data American Bar Association. Committee on Corporate Laws. Model Business Corporation Act : Official Text with Official Comment and Statutory Cross-References, Revised through June 2005. Chicago, IL :Section of Business Law, American Bar Association, 2005.
The Canada Business Corporations Act (CBCA) is the federal law that regulates business structures in Canada.The CBCA covers the rules for founding a corporation or other business structure in Canada, the reporting requirements it operates under, and the approved procedure for dissolving the company when it closes up.
Every Minnesota LLC owner should have an operating agreement in place to protect the operations of their business. While not legally required by the state, having an operating agreement will set clear rules and expectations for your LLC while establishing your credibility as a legal entity.
The MBCA contains comprehensive laws on doing business as a corporation. It covers a number of topics, like the steps involved in forming a corporation, limited liability and its effects, exceptions to the concept of limited liability, corporate management structure, and voting and shareholders' rights.
Despite criticism of Delaware's corporate statutes by the drafters of the original Model Business Corporation Act (MBCA), there has been a constructive symbiosis between the MBCA and Delaware's corporation law, including its statutory component: each set of statutes has been informed by drafting and case-law experience
This statute covers, among other things, incorporation of the corporation, its capacity and powers, management as well as matters relating to shareholders and various corporate transactions, such as amendments to the corporation's articles and by-laws, amalgamations, continuances and dissolution.