Minnesota Articles of Termination are legal documents filed with the Minnesota Secretary of State to dissolve a corporation or limited liability company. The Articles of Termination legally terminate the entity's existence and cause the company to be removed from the state's records. There are two types of Minnesota Articles of Termination: Articles of Dissolution and Articles of Revocation. Articles of Dissolution are filed when a corporation or LLC is voluntarily dissolved and all debts and liabilities have been satisfied. Articles of Revocation are filed when a corporation or LLC has been administratively dissolved and the owners wish to dissolve the entity.
Minnesota Articles of Termination
State:
Minnesota
Control #:
MN-SKU-0399
Format:
PDF
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Articles of Termination
How to fill out Minnesota Articles Of Termination?
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FAQ
How Much Does It Cost to Dissolve an LLC in Minnesota? The capital cost you have to cover is $35 when filing the notice of dissolution. If you opt for expedited filing, there is an additional $55 fee.
The dissolution must be approved by the majority of shareholders. If the vote does not pass, your business does not secure the shareholder vote and cannot be dissolved. However, if enough shareholders vote to dissolve the business you may move forward with your plans.
Until all three forms of notice are properly provided, you have an ongoing right to cancel the contract even if more than three business days have passed. Once the seller provides proper notice, the three business days right to cancel begins to run. The Three-Day Cooling-Off Law does not apply when you buy a vehicle.
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.
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 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.
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.