Initiate Acquisition

If you acquire all or part of a business after becoming a subject employer, you must notify the Minnesota Unemployment Insurance Program through your online account within 30 calendar days.

Step-by-step instructions to report an acquisition, merger or reorganization:

1. After logging in to your account, on My Home Page, click on Account Maintenance.
2. Click on Initiate Acquisition.
3. Fill in requested information on the Initiate Acquisition screen. The date of first wages paid must be entered in the ‘Date of Acquisition’ field, click Next. (See example)
4. Select the appropriate radio button to determine if there is 25 percent or more common ownership between the predecessor and successor or if both entities are publicly traded, click Next.
5. If there is not 25 percent common ownership the Acquisition Determination screen will display indicating there will not be a transfer of experience rating history. Your tax rate will not change.
6. If there is 25 percent common ownership the Determination of Succession screen or the Business Change of Status-Pending screen will display depending on the circumstances.

NOTE: If an error was made reporting an acquisition, merger or reorganization then you must contact the Minnesota Unemployment Insurance Program to make the correction. The process to request a correction is as follows:

• After logging in to your account, on My Home Page, click on FAQ/Contact.
• Click on Account Maintenance.
• Click on Submit a Question to UI Staff.
• Fill in requested information on the Submit Question screen, click Submit.
• A response will be delivered to your online Employer Self-Service System Inbox. For information on retrieving responses from your Inbox, see View Inbox.