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Virtual data rooms in Minnesota

Virtual data rooms for Minnesota firms

Minnesota has 3,247 real estate offices, 2,094 accounting and tax firms, 2,052 law offices and 2,676 securities and investment firms with paid employees. Our read of its breach notice rule covers the lack of a harm exception, the timing rule and encryption. ShareAndGo is a virtual data room for the documents these firms share during deals, audits and legal matters.

The firms that share confidential documents in Minnesota

County Business Patterns counted 154,455 employer establishments in Minnesota in 2023. On a per-person count across the 50 states and DC, Minnesota sits 6th for securities and investment firms, at 46.5 per 100,000, 16th for offices of real estate agents and brokers, at 56.4, and 33rd for accounting, tax, bookkeeping and payroll firms, at 36.4. For law, 2,052 offices make 35.7 per 100,000 and a rank of 47th.

These are mostly small businesses. 1,403 of the state's law offices and 2,077 of its securities and investment firms have fewer than five employees.

  • Offices of lawyers: 2,052
  • Accounting, tax preparation, bookkeeping and payroll services: 2,094
  • Securities and investment firms: 2,676
  • Corporate and regional managing offices: 990
  • Offices of real estate agents and brokers: 3,247

Where those firms are

By county, Hennepin County leads with 891 law offices, ahead of Ramsey County (265), Dakota County (132) and Washington County (101). Those four hold 68 percent of the state's total.

Our Minneapolis page goes through its figures in detail.

What sets Minneapolis apart

Minneapolis's business mix leans furthest toward nursing and residential care, with 2,613 establishments at 2.3 times the national share; wholesale agents and brokers (818, 2.0 times) and computer and electronic products (240, 1.8 times) come next.

How Minnesota compares

The Census Bureau estimated Minnesota's population at 5,793,151 in July 2024, up 1.5 percent from the April 2020 base of 5,706,692.

On law offices per 100,000 residents, Minnesota sits next to North Carolina at 37.0 and Ohio at 34.4, against 35.7 here. Across the 50 states and DC the combined rate is 49.1.

Small offices make up 68 percent of the state's law offices, against 72 percent across the 50 states and DC.

Minnesota's breach notice rule

Minnesota's breach notice section is Minn. Stat. § 325E.61.

A business must disclose a breach to any Minnesota resident whose unencrypted personal information was, or is reasonably believed to have been, acquired by an unauthorized person. The disclosure must be made in the most expedient time possible and without unreasonable delay.

No risk-of-harm exception

No risk-of-harm exception appears in § 325E.61. If covered data was acquired, the duty to tell residents does not turn on a business's view of how likely misuse is.

Our Minnesota breach notification page sets out the data elements and the rule in full, and says which text we checked. This is general information, not legal advice.

What a ShareAndGo room gives a Minnesota team

After an incident, the first question is simply whose information was exposed.

For documents you share through ShareAndGo, the activity log records every view and download, and watermarked view-only pages carry the reader's email address and the date.

That watermark is a per-room setting, switched on from the start. Recipients confirm their email with a six-digit code and need no account, which keeps every log entry tied to a real address. Export the chained log as CSV whenever you need it.

The courts and regulators behind Minnesota paperwork

Federal cases from Minnesota are heard in the U.S. District Court for the District of Minnesota. CPAs practicing in Minnesota are licensed by the Minnesota State Board of Accountancy.

Minnesota FAQ

How many law offices are there in Minnesota?
County Business Patterns 2023 counted 2,052 offices of lawyers with paid employees in Minnesota, 1,403 of them with fewer than five employees. Hennepin County has the most, 891.
Can a business skip notice if harm is unlikely?
No such exception appears in § 325E.61.
Is there a Minnesota regulator to notify?
No regulator notice appears in the section.
Do people I share documents with need an account?
No. Readers confirm their email with a six-digit code, with no account to create.

Minnesota metros

Minneapolis, MN

Data rooms for Minneapolis's 1,570 law offices and 1,407 accounting, tax, bookkeeping and payroll firms, with audit trails and view-only access.

Related

Minnesota data breach notification law

About the figures on our location pages