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. Go to www.uimn.org, click on Employer Login.
2. Enter your User ID and Password, click Login.
3. On My Home Page, click on Account Maintenance.
4. Click on Initiate Acquisition.
5. The Initiate Acquisition screen displays. Fill in requested information, then click Next. (See example)

NOTE: The date of first wages paid must be entered in the 'Date of Acquisition' field.

6. 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.
7. The next screen will be:
   • the Acquisition Determination screen, if there is not 25 percent common ownership. The screen indicates there will not be a transfer of experience rating history. Your tax rate will not change.
   • the Determination of Succession or the Business Change of Status-Pending screen (depending upon the circumstances), if there is 25 percent common ownership.

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:

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