Community Planning & Economic Development

Business Licenses & Consumer Services
350 S. 5th Street, Room 1C
Minneapolis, MN 55415
Phone: (612) 673-2080
Fax: (612) 673-3399

Changes in Your Business Structure

Notify Business Licenses if there is a change in your business. This includes, for example, different owners, officers, directors or shareholders. Failure to report these changes may result in license revocation.

Corporations: Corporations can be bought and sold and the business license is maintained. If there are shareholders, individuals’ background information must be submitted to update the file. Contact a License Inspector (pdf).

New Shareholders Only: When new shareholders are added, individual information must be submitted so the file can be updated. A new license is not required.

Partnerships: When a partner leaves the business, the partnership is dissolved. A new license application and business license are required.

Sole Proprietorship: A sole proprietorship license is issued strictly to the person whose name is on the application. If the sole proprietor leaves the business, the license is no longer valid.

In the case of a business license issued to a husband and a wife (sole proprietorship), removal of a name is possible with the written permission of the other spouse or written legal notice. A new license is not required.

Last updated Sep. 27, 2011