Minnesota § 645.445 - SMALL BUSINESS; DEFINITIONS
Full text of Minnesota Minnesota Statutes § 645.445 — SMALL BUSINESS; DEFINITIONS, with citation guidance and answers to common questions.
§ 645.445. SMALL BUSINESS; DEFINITIONS
Subdivision 1.Scope.
Wherever the term "small business" is used in Minnesota Statutes or in any rule or program established thereunder, the definitions contained in this section shall apply unless the context clearly indicates that a different meaning is intended or required.
Subd. 2.Small business.
"Small business" means a business entity organized for profit, including but not limited to any individual, partnership, corporation, joint venture, association or cooperative, which entity:
(1) is not an affiliate or subsidiary of a business dominant in its field of operation; and
(2) has 20 or fewer full-time employees; or
(3) in the preceding fiscal year has not had more than the equivalent of $1,000,000 in annual gross revenues; or
(4) if the business is a technical or professional service, shall not have had more than the equivalent of $2,500,000 in annual gross revenues in the preceding fiscal year.
Subd. 3.Dominant in field of operation.
"Dominant in its field of operation" means having more than 20 full-time employees and more than $1,000,000 in annual gross revenues or $2,500,000 in annual gross revenues if a technical or professional service.
Subd. 4.Affiliate or subsidiary of business dominant in field of operation.
"Affiliate or subsidiary of a business dominant in its field of operation" means a business which is at least 20 percent owned by a business dominant in its field of operation, or by partners, officers, directors, majority stockholders, or their equivalent, of a business dominant in that field of operation.
Subd. 5.
[Repealed, 1990 c 541 s 31]
History:
1980 c 361 s 3; 1984 c 544 s 87; 1985 c 296 s 8; 1987 c 365 s 21,22; 1987 c 401 s 31; 1988 c 644 s 2; 1988 c 689 art 2 s 268; 1989 c 352 s 21,25; 1990 c 541 s 29
Official Publication of the State of Minnesota
Revisor of Statutes
Frequently Asked Questions About Minnesota § 645.445
What does Minnesota Statutes § 645.445 cover?
Section 645.445 ("SMALL BUSINESS; DEFINITIONS") is part of the Minnesota Statutes, the codified statutory law of Minnesota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Minnesota § 645.445?
A common citation format is "Minnesota Statutes § 645.445" (Minnesota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Minnesota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Minnesota official source linked on this page or consult a licensed Minnesota attorney.
How does Minnesota § 645.445 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Minnesota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Minnesota.