The Minnesota Widget Company was ready to close its 2017 books early. Too early. They had forgotten to file their Minnesota annual renewal form. Fortunately, they found instructions and forms online. They were able to file before the deadline.
What is Minnesota’s annual renewal?
This form is filed with the Minnesota Secretary of State’s office. It may also be called a business renewal or annual report. The annual renewal keeps a company in good standing with the Minnesota Secretary of State.
The renewal can be filed by mail or online. There’s no fee if your company is currently in good standing. There is a fee if the company is not in good standing.
What type of company needs to file an annual renewal?
Your company is required to file an annual renewal if it filed a certificate of:
- Assumed Name, Foreign Business, or Non-Profit Corporation
- Limited Liability Company
- Limited Liability Partnership
- Limited Partnership
Check with the Minnesota Secretary of State’s office if you are not sure you need to file.
What happens to companies that miss the deadline?
Annual renewals are due by December 31st for the next year. The Secretary of State will issue a certificate of administrative dissolution to any companies that do not meet the deadline.
In addition, the company will pay a fee when filing the next annual renewal.
What the best way to file?
Filing your report online is faster, easier, and turnaround is almost immediate.
- First, your company will have to create an account with the Secretary of State’s office.
- Next, find the appropriate form, also on their website.
- Complete the form. Save or, if not using the fillable PDF, upload a scanned copy of your form.
- Click Submit, then record the Order Number that appears.
- If your company is required to pay a fee, you will need to give banking information.
If you have had trouble filing on time in the past, consider adding a reminder on your company’s calendar.
We Can Address Your Business Concerns.
The attorneys at Virtus Law have the skills and experience to help you make informed business decisions. Contact Virtus Law at 612.888.1000 or send us an email at email@example.com. Our main office is in Minneapolis, with other offices located in Maplewood, Cambridge, Edina, Mendota Heights, and Red Wing.