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REV184-b, Business Power of Attorney

REV184-b, Business Power of Attorney 2025

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The document is Form REV184b, a Business Power of Attorney used to grant authority to an individual or entity to access and represent a business taxpayer before the Minnesota Department of Revenue. It includes sections for appointing primary and additional appointees, specifying the extent of their authority (full or limited), and detailing additional powers that can be granted. The form must be signed by someone with legal authority from the business and submitted to the department via mail, fax, or email.

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Does my LLC need a power of attorney?

As a business owner, you have the authority to make choices on behalf of your LLC. However, there may be instances where you cannot personally handle these matters due to illness, travel, or a busy schedule. In such cases, a Power of Attorney (POA) is instrumental in ensuring the smooth operation of the business.

Who can act on behalf of an LLC?

All members (owners) of the LLC have the authority to sign on behalf of the entity as authorized representatives by default. However, you can take proactive steps to limit or expand the list of authorized representatives.

Can a business account have a power of attorney?

Making a POA Work for a Business Account ing to Murray, a business owner can grant you a POA to run all of his business or just part of it, such as signing checks from the business account.

How does power of attorney work in Minnesota?

The principal is the person who creates a Power of Attorney document, and they give authority to another adult who is called an attorney-in-fact. The attorney-in-fact does NOT have to be a lawyer and CANNOT act as an attorney for the principal. The attorney-in-fact must be a competent adult (18 years or older).

What is the meaning of power of attorney in business law?

A power of attorney gives one or more persons the power to act on your behalf as your agent. The power may be limited to a particular activity, such as closing the sale of your home, or be general in its application. The power may give temporary or permanent authority to act on your behalf.

Does an LLC need a power of attorney?

To the extent that a partner does not have authority to act for the partnership or LLC, however, he may have limited access to the partnership or LLC books and records. In such circumstances, the Service may want a POA executed in the name of the entity itself.

Can I set up an LLC without an attorney?

There is no legal requirement to hire an attorney to form an LLC. Most states allow LLC formation by registering the business entity on your secretary of states website and with the Internal Revenue Service (IRS). LLCs provide advantages over sole proprietorships and general partnerships.

Who has the most power in an LLC?

In a member-managed LLC, members can vote on all matters that affect the business and its affairs. In a manager-managed company, members have limited voting power. All voting-related rules such as meeting locations, requirements to quorum, etc.

REV184-b, Business Power of Attorney 2025

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