Minnesota Articles of Dissolution and Termination

State:
Minnesota
Control #:
MN-SKU-0397
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PDF
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Description

Articles of Dissolution and Termination

Minnesota Articles of Dissolution and Termination are documents that legally end a business entity in the state of Minnesota. There are three types of Minnesota Articles of Dissolution and Termination: Articles of Dissolution, Articles of Termination, and Articles of Cancellation. Articles of Dissolution are filed when a corporation, limited liability company, or nonprofit corporation wants to dissolve and end its existence as a business entity. It must include the business’s name, purpose, and the date of dissolution; the name and address of the registered agent; the name and address of each incorporated, director, or officer; and the signature of the incorporated, director, or officer. Articles of Termination are filed when a limited liability partnership (LLP) wants to terminate its existence. It must include the partnership's name, purpose, and the date of termination; the address of the partnership; the name and address of each partner; and the signature of each partner. Articles of Cancellation are filed when a limited partnership (LP) wants to end its existence. It must include the partnership's name, purpose, and the date of cancellation; the name and address of each partner; the name and address of the registered agent; and the signature of each partner. All Minnesota Articles of Dissolution and Termination must be filed with the Minnesota Secretary of State. Once filed, the entity is officially dissolved or terminated.

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FAQ

How do I close a business? To close your business and all of your tax accounts through e-Services, you must be an e-Services Master for the business. You can also email business.registration@state.mn.us, or call 651-282-5225 or 1-800-657-3605 (toll-free). Note: If your business closed more than a year ago, contact us.

NOTE: To cancel your Limited Liability Partnership registration, you must write ?Cancellation? on the form in box four. A signature of at least 2 partners or authorized agent is required. Use this form to file your annual renewal once every calendar year.

Business dissolution can be caused in many ways, including the failure to file annual reports or pay certain taxes in the state of incorporation, bankruptcy, or voluntary dissolution by business owners.

Dissolving a corporation successfully takes several key steps. Such requirements may vary across the fifty states. Generally, it is recommended that business owners get legal assistance to file the necessary documents with the proper state agencies.

Articles of Dissolution filed under Minnesota Statutes, sections 302A. 7291 or 302A. 727 is used to dissolve a corporation that has issued shares and must have filed or be accompanied by an 'Intent to Dissolve' filing.

How to dissolve a Minnesota LLC? Step 1: Hold a meeting. The first step in the formal process of dissolving an LLC is to gather all the members of the company and have a meeting.Step 2: File a notice of dissolution.Step 3: Wind up your Minnesota LLC.Step 4: File Articles of Termination.

Articles of Termination filed under Minnesota Statutes, sections 322B. 816 or 322B. 82 is used to terminate a limited liability company that has accepted contributions and must have filed or be accompanied by a 'Notice of Dissolution' filing.

How do I close a business? To close your business and all of your tax accounts through e-Services, you must be an e-Services Master for the business. You can also email business.registration@state.mn.us, or call 651-282-5225 or 1-800-657-3605 (toll-free). Note: If your business closed more than a year ago, contact us.

More info

Articles of dissolution. AND. Articles of termination.1. If the corporation has commenced business, file both. Complete and file the Articles of Dissolution with the Department of State. A domestic Limited Liability Company on file with the Division of Revenue and Enterprise. Services may use this form to dissolution and terminate. A domestic Limited Liability Company on file with the Division of Revenue and Enterprise. Services may use this form to dissolution and terminate. 1. If the corporation has commenced business, file both. Articles of dissolution. AND.

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Minnesota Articles of Dissolution and Termination