The House approved a bill Monday that would make technical changes to the statutes governing businesses like LLCs, LLPs and nonprofits.
Much of the bill would modernize certain statutes so they are easier for users and lawyers to understand when handling domestication and conversion of corporations, nonprofits, LLCs and limited partnerships. It also would set a $60 uniform fee base for each merger.
Smith said both the Minnesota Bar Association and the secretary of state’s office support the bill.
The latest numbers are a $517 million swing from the November forecast
The state’s latest economic forecast projects a budget deficit of $188 million for the current two-year biennium, and a $586 million deficit for the 2020-21 biennium
The budget process explained — and why it matters