At EntrePartner, we’re busy helping our clients prepare for year-end and set themselves up for a successful 2020! This serves as a friendly reminder with respect to one easy part of this process. All Minnesota entities must file an annual renewal once every calendar year with the Minnesota Secretary of State, beginning in the calendar year following the initial filing. If you do not submit the annual report, your entity will be “statutorily dissolved” (no longer recognized as existing in Minnesota), and you’ll need to pay a fee to get it reinstated. Filing the annual report is easy (less than 10 minutes) and free as long as you file on time.
If you own an LLC, corporation or other legal entity in Minnesota, make sure to go to the Secretary of State’s website and follow the instructions here: https://www.sos.state.mn.us/business-liens/start-a-business/how-to-renew-or-amend-your-business-filing/
If we don’t get a chance to tell you, please have a wonderful holiday season. We look forward to helping you achieve your goals in 2020!