Form with which a corporation may resolve to alter its corporate status top that of a subchapter (S) corporation.
S Corp Status For Llc In Minnesota
State:
Multi-State
Control #:
US-0046-CR
Format:
Word;
Rich Text
Instant download
Description
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FAQ
How to form an LLC in Minnesota in 6 steps Choose your business name. Before you start the business registration process, you need a name. Appoint a registered office. File articles of organization. Create an operating agreement. Obtain an EIN and open a business bank account. Register for state taxes and business licenses.
S Corporation Tax applies to companies or organizations that file an annual federal income tax return as an S Corporation and meets at least one of the following: Located in Minnesota. Have a business presence in Minnesota.
Limited Liability Protection: One of the main reasons businesses choose the LLC structure is to protect the personal assets of the owners. In the event of a lawsuit or bankruptcy, the personal assets of members are generally protected.
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.
The State of Minnesota requires you to file an annual renewal for your LLC with the Minnesota Secretary of State (SOS). You can file your renewal online through the Business Filings Online page of the SOS website. You can search by your business name or file number.
