When businesses register with the state electronically instead of using the paper process, it saves money for taxpayers and business owners. A new law will make it easier for businesses to file their records online.
Sponsored by Rep. Pat Mazorol (R-Bloomington) and Sen. Benjamin Kruse (R-Brooklyn Park), the law makes changes recommended by the Office of the Secretary of State’s business services division. It removes a number of statutory stumbling blocks to implementing an online filing system. It takes effect Aug. 1, 2011.
Selected provisions include:
• standardizing the types of data required to be printed on certificates issued to businesses;
• streamlining the filing process for business trusts and municipal power and gas agencies; and
• eliminating mandates requiring the Secretary of State to use the U.S. Postal Service rather than electronic means to provide certain notices to businesses.
Some changes made by the law are not directly related to online filing. Some of these include providing for revocation for limited liability partnerships if they fail to maintain a registered agent, and allowing an out-of-state LLP to use an alternate name in Minnesota.
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