Home Services Acquisition Attorney in Minnesota

By Alex Lubyansky Managing Partner Last updated September 23, 2026

Acquisition Stars advises buyers and sellers on home services acquisition attorney matters across Minnesota.

Serving clients across Minnesota.

Home Services Acquisition Attorney Practice in Minnesota

Acquisition Stars advises buyers and sellers on home services acquisition attorney matters across Minnesota. Alex Lubyansky leads every engagement, and has been M&A counsel since 2013 across transactions of varying complexity, from lower-middle-market deals to multi-party structures.

Minnesota Transaction Considerations

Minnesota's complete ban on non-competes (effective July 2023) means target companies cannot retain employee non-compete covenants post-acquisition, fundamentally changing workforce retention strategies
Minnesota's 9.8% corporate franchise tax is among the highest in the nation and drives significant deal structuring to minimize Minnesota-sourced income
Minnesota requires mandatory combined reporting for unitary groups, which can pull in income from affiliates not directly operating in Minnesota

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Minnesota Legal Framework for Home Services M&A Legal Services

Non-Compete Agreements

Banned entirely (effective July 2023). Sale-of-business exception for 25%+ owners.

Banned effective July 1, 2023. Minnesota Statutes Section 181.988 voids all non-compete agreements entered into after July 1, 2023, with a narrow exception for the sale of a business (where the restricted party has an ownership interest of at least 25%). Non-solicitation and confidentiality agreements remain enforceable.

Tax Considerations

Minnesota imposes a 9.8% corporate franchise tax, one of the highest in the country. The state uses mandatory combined reporting for unitary groups, single-factor sales apportionment, and market-based sourcing. The high rate significantly affects deal structure and often drives structuring to minimize Minnesota-sourced income.

Filing Requirements

Entity mergers and conversions are filed with the Minnesota Secretary of State. Annual renewals are required. The Department of Revenue requires tax clearance for asset purchases. Regulated industries (insurance, banking, utilities) require separate approvals.

Bulk Sales / Asset Purchases

Minnesota has repealed UCC Article 6 (Bulk Sales). Minnesota Statute Section 270C.58 requires buyers of business assets to withhold a sufficient amount of the purchase price to cover the seller's unpaid state taxes, unless a tax clearance certificate is obtained from the Minnesota Department of Revenue.

Other M&A and Securities Services in Minnesota

Acquisition Stars handles M&A transactions for Minnesota clients and works with securities counsel on securities matters. Alex Lubyansky leads every M&A engagement.

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Ready to Discuss Your Minnesota Deal?

Alex Lubyansky leads every home services m&a legal services engagement, with an associate supporting the work.

M&A counsel since 2013. Nationwide practice. LOI through closing.

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We review every transaction inquiry within one business day.