Minnesota's healthy financial condition helped the state move forward in a positive direction post-Covid. Based upon the state's latest audited financial report for the fiscal year 2021, Minnesota had a Taxpayer Surplus™ of $2,400, earning it a “B” grade from Truth in Accounting.
Minnesota Annual Report Information. Businesses and nonprofits are required to file annual reports to stay in good standing with the secretary of state.
One or more persons may form a Minnesota Limited Liability Company (LLC) under Chapter 322C by filing Articles of Organization. NOTE: If forming a Minnesota Limited Liability Company that will be a "Professional Firm", additional language is required in your articles.
Nowadays, nearly every reputable company has an easy to follow investor relations section on its website that is a wealth of information including an archive of its annual reports, often going back several years.
The Annual Comprehensive Financial Report (ACFR) includes the financial statements for the state, and the disclosures necessary to accurately present the financial condition of all state funds and the state component units for the previous fiscal year.
LEGAL RECOGNITION OF ELECTRONIC RECORDS AND SIGNATURES.
Minnesota requires all corporations, nonprofits (domestic only), LLCs, LPs, and LLPs to file a Minnesota Annual Renewal – also called an annual report.
In order to register in Minnesota as a foreign corporation, you'll need to file a Foreign Corporation Certificate of Authority to Transact Business in Minnesota with the Minnesota Secretary of State, Business Services. This costs $220 or $200, depending on your filing method.
How long does it take to get an LLC in Minnesota? If you file by mail, your LLC will be approved in 11-12 business days (plus mail time). But if you file online, your LLC will be approved immediately.